White House Might Put Colleges on the Hook for Student Loans

Re:White House Might Put Colleges on the Hook for Student Loans by save_ferris on Tuesday March 12, 2019 @04:21PM (#19372580)

It would likely destroy the rating of the outstanding debt and would raise serious questions around the US Government's ability to honor debt in general.

I don't disagree that student debt is a crisis that needs to be dealt with, but the US government coming out and saying "JK, we're not going to back this debt" would surely be a disaster.

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Re:White House Might Put Colleges on the Hook for Student Loans by creato on Tuesday March 12, 2019 @04:29PM (#19372661)

I think it is pretty obvious the post you are replying to meant that we would stop backing new student loans. There would be no change to outstanding debt, which would be absurd for the reasons you pointed out.

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Re:White House Might Put Colleges on the Hook for Student Loans by save_ferris on Tuesday March 12, 2019 @10:28PM (#19375148)

ah, I totally misunderstood.

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Re:White House Might Put Colleges on the Hook for Student Loans by ams6110 on Tuesday March 12, 2019 @04:23PM (#19372603)

I think GP implied removing the guarantee on new loans. Not retroactively changing the terms of existing loans.

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