Americans Hold Over $4.1T in Consumer Debt

Re:Americans Hold Over $4.1T in Consumer Debt by nugget on Sunday February 26, 2017 @12:34PM (#13738441)

There are debt forgiveness programs like PSLF that I expect to become wildly more popular in the future. We're only ever a Presidential election away from dramatic changes to student loan treatment.

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Re:Americans Hold Over $4.1T in Consumer Debt by sokoloff on Sunday February 26, 2017 @06:18PM (#13740597)

And with that the risk of the permanent destruction of the market for student lending in the future, meaning college will go back to being a upper-class game.

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Re:Americans Hold Over $4.1T in Consumer Debt by twoodfin on Sunday February 26, 2017 @10:44PM (#13741713)

There is no "market" for (undergraduate) student loan lending any longer, AFAIK. The whole shebang is run by the Department of Education.

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Re:Americans Hold Over $4.1T in Consumer Debt by gshubert17 on Monday February 27, 2017 @11:56AM (#13745614)

If there wasn't so much student-loan money available, would there be more incentives for some colleges to reduce their costs and make their product more affordable.

Right now, colleges provide the service (education) and credential (degree). If independent third parties could provide believable credentials, there would be more incentives to find cheaper ways of delivering the services.

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Re:Americans Hold Over $4.1T in Consumer Debt by grandalf on Tuesday February 28, 2017 @03:55PM (#13757719)

Exactly, I think another way of describing this is a bubble.

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