One single change that would completely rock the college system: make student debt bankruptable, like every other kind of debt.
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If that happens loan providers have to model likelihood of repayment. Now they don’t even care: worst case scenario you just pay forever
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“Tuition for a halfway decent school now frequently surpasses $50,000 a year” Um. Just no.
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Ya I can’t think of a rational way to play devils advocate and defend that sentence
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It's disgusting. My $136k in loans in IBR is in good standing, starts forgiveness in 4 years. May switch to PAYE, forgive all in 4 years.
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The taxes on that "earned income" will be fun to handle. Better than the full load at least.
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It's a scam- universities charge outrageous rates for a poor experience but the student is on the hook to pay it all back. Forever.
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