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No, moral is to make student loans subject to regular bankrupcy. Student should be also able to get refound, if university misrepresents or lies about their job
by throw9494krrj 5mo ago
No, moral is to make student loans subject to regular bankrupcy. Student should be also able to get refound, if university misrepresents or lies about their job prospects!
Universities are business as any other!
- scarmig 5mo agoThat would be a reform I'd get behind. At the same time, it's still a bad use of funds, and lenders likely wouldn't have the ability to discriminate based on likelihood of bankruptcy or success in an academic program. So it just shifts costs from the student unlikely to succeed to the lender and students likely to succeed.
- account42 5mo agoAt that point you don't have a loan, you have a subsidy. That's OK though, many countries do have that.
- mckn1ght 5mo agoThose countries are usually quite strict about who they will subsidize though. Not a bad thing IMO.
- no-name-here 5mo ago> No, moral is to make student loans subject to regular bankrupcy. Aren't the issues that there is no collateral/nothing to repossess? What kind of issuer would give a 5 or 6 figure loan with no collateral and nothing to repossess?
- recursive 5mo agoIf no one would issue a loan, that might suggest that these loans should not exist.
- californical 5mo agoAnd maybe that tuition costs must go down so that they can still get students enrolled