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Student loans are the only loan type which you cannot bankrupt out of. I'm sure that many students would accept bankruptcy rather than bailouts if that is prefe
by lumost 2y ago
Student loans are the only loan type which you cannot bankrupt out of. I'm sure that many students would accept bankruptcy rather than bailouts if that is preferable. It doesn't make sense to saddle 20 year olds with insurmountable debt.
- timewizard 2y agoThat was a recent change in bankruptcy law. You could literally just revert it. It should reintroduce some caution into some of these institutions of "higher education." I'd rather fix the law then try to decide who to hand out tax surpluses to.
- ashoeafoot 2y agoFor now. If trump wages the culture war to completion and decides to ruin the universities with a cut of future income and a haircut .