Re:Net worth of Americans aged 18 to 35 has dropped 34 perce...
by haihaibye on Sunday June 02, 2019 @02:46AM
(#20073913)
The argument for student debt not being dischargable is to stop lots of people declaring bankruptcy upon graduation.
You can repossess a house or a car, but you can't repossess a degree.
If there was an option of cancelling a degree (either because of bankruptcy or user disatisfaction) this could perhaps work for vocational degrees or where the degree is 100% signalling.
If some kind of learning took place - how do you give that up?
You can repossess a house or a car, but you can't repossess a degree.
If there was an option of cancelling a degree (either because of bankruptcy or user disatisfaction) this could perhaps work for vocational degrees or where the degree is 100% signalling.
If some kind of learning took place - how do you give that up?