Re:Student loan forgiveness would be a bailout for elites
by finnthehuman on Wednesday November 18, 2020 @09:37AM
(#25137206)
>But the problem is how do you have someone with no assets get access to capital to allow them to build a better life?
Reduce the cost of building a better life.
If lenders don't want to make non-guarenteed student loans, then the schools will have to figure out how to lower prices or deal with sharply declining demand.
The ballooning administrative overhead at American universities is a well known phenomenon. Guaranteed student loans means there is little downward pressure on it.
Reduce the cost of building a better life.
If lenders don't want to make non-guarenteed student loans, then the schools will have to figure out how to lower prices or deal with sharply declining demand.
The ballooning administrative overhead at American universities is a well known phenomenon. Guaranteed student loans means there is little downward pressure on it.