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A comment on California bans legacy admissions at private universities. Parent comment

Re:California bans legacy admissions at private universities by ayakang31415 on Monday September 30, 2024 @11:39PM (#41704436)
I would very much like to get rid of federal funding for schools, and allow private student loan with the possibility of purging the borrowed money through bankruptcy procedures. I am not sure if such proposal is realistic.
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Re:California bans legacy admissions at private universities by cryptonector on Tuesday October 01, 2024 @12:44AM (#41704671)
That'd be nice.
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Re:California bans legacy admissions at private universities by sokoloff on Tuesday October 01, 2024 @11:37AM (#41709820)
Nearly every student will graduate owing vastly more than their personal assets.

Declaring bankruptcy at that moment would be the optimal financial strategy if it wiped out the student debt.

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Re:California bans legacy admissions at private universities by creole_wither on Tuesday October 01, 2024 @12:32PM (#41710694)
Solution, don't lend money. Sell education in exchange for a promise to pay x% of salary for y years. Students won't go unemployed just to avoid paying it back and it aligns incentives. If colleges want to make lots of money, they will have to make sure their students get good jobs upon graduation.
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