Re:U of Chicago projected to be the first U.S. university to...
by ChrisLomont on Monday November 04, 2019 @06:55PM
(#21448116)
>Make student loans dischargeable in bankruptcy
And watch default rates rise, and interest rates on these unsecured loans skyrocket, so that very few can go to college, and even more people get screwed by them due to higher rates.
Or people will simply not get loans, since they'd become too risky, and less people will get college skills, likely hurting the entire economy over time.
Educating people is a good national goal. Balancing the various pieces is much harder than simplistic changes to the current system.
And watch default rates rise, and interest rates on these unsecured loans skyrocket, so that very few can go to college, and even more people get screwed by them due to higher rates.
Or people will simply not get loans, since they'd become too risky, and less people will get college skills, likely hurting the entire economy over time.
Educating people is a good national goal. Balancing the various pieces is much harder than simplistic changes to the current system.