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A comment on U.S. To Forgive at Least $108B in Student Debt in Coming Years. Parent comment

Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by yummyfajitas on Wednesday November 30, 2016 @09:22AM (#13070895)
Taking out a loan you don't realistically have the capacity to pay back is irresponsible. This scheme is nothing but privatized success and socializing failure.

If you want to fix the problem, stop subsidizing the loans and allow these colleges to die, shrink or reduce costs.

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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by CoryG89 on Wednesday November 30, 2016 @09:29AM (#13070965)
> Taking out a loan you don't realistically have the capacity to pay back is irresponsible.

The loan provider is in a much better position to know who will and will not be able to pay back a particular loan.

> If you want to fix the problem, stop subsidizing the loans and allow these colleges to die, shrink or reduce costs.

Perhaps this is better, but seems unrealistic.

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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by yummyfajitas on Wednesday November 30, 2016 @12:08PM (#13072463)
The loan provider is in a much better position to know who will and will not be able to pay back a particular loan.

They have no reason to care since the government backs the loans.

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