U of Chicago projected to be the first U.S. university to cost $100k per year

Re:U of Chicago projected to be the first U.S. university to... by rayiner on Monday November 04, 2019 @12:32PM (#21443990)

The government doesn’t just back student loans, it makes the student loans. The government is the lender. More than 90% of all student debt is carried on the government’s books.

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Re:U of Chicago projected to be the first U.S. university to... by mountainofdeath on Monday November 04, 2019 @05:23PM (#21447233)

Not only that, I remember reading that something like 1/3 of the US federal government's receivables are student loans. A mass default or forgiveness program would dramatically lower the governments ability to pay other obligations.

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Re:U of Chicago projected to be the first U.S. university to... by onlyrealcuzzo on Monday November 04, 2019 @05:04PM (#21447045)

The other 10% is still $156Bn... That's more than the GDP of Hungary. It's still worth considering.

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Re:U of Chicago projected to be the first U.S. university to... by vonmoltke on Monday November 04, 2019 @05:35PM (#21447365)

That 10% is also dischargeable in bankruptcy. Only the loans made by the US Government are non-dischargeable.

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Re:U of Chicago projected to be the first U.S. university to... by angry_octet on Tuesday November 05, 2019 @03:24AM (#21450608)

I feel the need to remind people that going bankrupt is the worst thing you can do to yourself financially. It will set up back a long way in very basic things.

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