Re:U.S. Stepping Up Enforcement on Delinquent Student Loans
by emmelaich on Sunday May 12, 2019 @08:14PM
(#19895483)
Your other responses are excellent.
But I want to say this is another TANSTAAFL. You worked, had skills, and otherwise "worked" for your loan.
If loans are "free" like student loans, the costs can end up being even higher.
What will happen is that once there's enough examples like your biologist friend, the government will forgive them with a TARP like exercise. That might be OK if the underlying system changed and we stopped loaning out money to people unlikely to hand it back.
And the money ends up bloating the academic bureaucracy anyway. Not enough ends up improving or providing education.
But I want to say this is another TANSTAAFL. You worked, had skills, and otherwise "worked" for your loan.
If loans are "free" like student loans, the costs can end up being even higher.
What will happen is that once there's enough examples like your biologist friend, the government will forgive them with a TARP like exercise. That might be OK if the underlying system changed and we stopped loaning out money to people unlikely to hand it back.
And the money ends up bloating the academic bureaucracy anyway. Not enough ends up improving or providing education.