Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by dragonwriter on Wednesday December 22, 2021 @09:59PM
(#29658170)
> Why would you as a nation want to saddle your youngest most ambitious and most valuable people?
That's why student loans shouldn't exist; if the federal government is going to subsidize higher education, it should be by grants, student out-of-pocket cost limits tied to accepting federal research and other funding, and other non-loan mechanisms, not forcing students into debt.
(Private student loans, OTOH, should be dischargeable the same as other unsecured debt, and if lenders don't like it they don't have to issue loans.)
That's why student loans shouldn't exist; if the federal government is going to subsidize higher education, it should be by grants, student out-of-pocket cost limits tied to accepting federal research and other funding, and other non-loan mechanisms, not forcing students into debt.
(Private student loans, OTOH, should be dischargeable the same as other unsecured debt, and if lenders don't like it they don't have to issue loans.)