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That’s a terrible solution. Already have a country with a poor ability to save for retirement. Strip away bankruptcy protections and have the government stop guaranteeing loans and watch cost of school plummet.
I am not sure what bankruptcy protections have to do with Student Loans since you cannot Bankrupt out of them. Now perhaps we should treat them like any other loan i.e. you CAN bankrupt out of them but you also will have to qualify either you or your parents. Right now anyone can get them regardless of what they are studying. Stop the government guarantees of the loans and put banks on the hook for allowing a basket weaving major to borrow 100k.
$5k a year is peanuts. That's no "solution." Rand Paul is an opportunistic flip-flopper: he hated Trump before he loved him.
This has absolutely nothing to do with Trump yet you bring him up first post, add something meaningful to the discussion for once. $5k may be peanuts for you, but for regular middle class like me, it’s not.
I am not sure what bankruptcy protections have to do with Student Loans since you cannot Bankrupt out of them. Now perhaps we should treat them like any other loan i.e. you CAN bankrupt out of them but you also will have to qualify either you or your parents. Right now anyone can get them regardless of what they are studying. Stop the government guarantees of the loans and put banks on the hook for allowing a basket weaving major to borrow 100k.
That's what we should do.
The ease of getting them and the protections against bankruptcy cause excess inflation of the cost of education.
Quote:
Originally Posted by EddieB.Good
Has the cost of private school plummeted? There's no student loan program for that or feed guarantee. Why are private school tuitions still climbing faster than real wages?
It's really difficult to bankrupt out of any student loans, even those going to private schools.
Student loans are therefore easy to get to attend those schools. When there's an issue, the parents co-sign because "it's for the kids!" which is what schools count on.
$5k a year is peanuts. That's no "solution." Rand Paul is an opportunistic flip-flopper: he hated Trump before he loved him.
$5k a year is a good start That's a real solution." Elliott_CAs post has no substance and Rand Paul doesn't flip flop.
Nothing to do with Trump, everything to do with policy. This policy actually works and doesn't fail like the policies you back. Which is why you don't discuss policy.
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