News for hackers. Stuff that matters.

A comment on The Student Loan Debt Crisis Is About to Get Worse. Parent comment

Re:The Student Loan Debt Crisis Is About to Get Worse by Retric on Wednesday October 17, 2018 @12:32PM (#18240721)
Currently the US taxpayer is on the hook for bad loans. My point is, letting people discharge loans does not require a bailout.

So sure we could discharge loans while also bailing out the people who made these loans, but again they are different questions. As you say their are long term issues with the availability and cost of student loans.

I don't have any great answers, but framing things as only two options is greatly simplifying what we can do.

[ Parent | on HN ]
Re:The Student Loan Debt Crisis Is About to Get Worse by toasterlovin on Wednesday October 17, 2018 @02:21PM (#18241971)
> My point is, letting people discharge loans does not require a bailout.

In reality, changing the bankruptcy rules around student loans will have to be paired with a bailout of the people holding the loans. Lobbyists will make sure of that.

[ Parent | on HN ]