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I'm not sure who you consider a member of the older generations, but I am 53, and I think this plan is total BS. Why in the world is it possible for someone to rack up thousands of dollars of credit card debt and then declare bankruptcy, but that escape route is unavailable to a person whose degree has not been the golden ticket to success that they were told all their life that it would be?
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Credit card corp was not a guaranteed , no income required, yes.
Change student loans to a decision where bank can say no-you would be correct then.
I didn't like it then, either. No reason to make it worse.
Did I miss a turn somewhere?
There is no either to like or dislike because the policy will remain unchanged from the day in 1998 when Bill Clinton made student loan debt no longer dischargeable through bankruptcy.
Is that what YOU did? Or did the First Bank of Dad & Mom finance your Trump University edumacation?
What do those swindlers charge for a year of college now over there? 12k a year? That's a lot of overtime at Maccas! How about making college less outrageous? Nah you silver spooners and Cheeto swooners do NOT want that! The more regular folks that can afford college, the more people who get marketable skills, the less in demand YOU are, the more YOU will actually have to WORK and EARN your pay; no more being overpaid in your ivory towers, smugly judging others.
Affordable college is the last thing you people want!!
Everyone has the same opportunity to be excellent and receive scholarships. Everyone has the opportunity to work their way through college. Everyone has the opportunity to go to night school and work a day job or only take as many classes as they can afford. .
Effort Inequality remains our biggest problem.
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