4 ms·

How about clawbacks from the universities.

• Braxton1980 8mo ago
  For all loans? What if a person takes a loan to get into a medical program but can't find a job after and defaults the loan. Is the university responsible? The arguments seem to be based on majors that have a poor job market.
• gruez 8mo ago
  Seems massively unconstitutional to retroactively impose penalties, especially if the previous behavior didn't violate any laws. Not to mention the reputational risk on the trustworthiness of US as a place to do business and the risk of abuse from future administrations. You might cheer that universities are getting their just desserts for scamming students, but your political adversaries might use it to claw back funding from universities for being too "woke" or whatever.
  • LanceH 8mo ago
    > Seems massively unconstitutional to retroactively impose penalties For existing agreements, of course. Going forward, for those who are the real beneficiaries of the loans, they should have a skin in the game. Why aren't universities standing behind their product and offering financing without the unusual non-dischargeable nature of the loans? Do they not stand behind their products?