Yes! Cernovich 2020 would campaign on student loan debt reform. Student loan debt to be treated like all other debt - dischargeble in bankruptcy.https://twitter.com/camerondare/status/1105526300997967872 …
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If student loans were dischargeble in bankruptcy, who would write student loans?
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On 2nd thought, this might be a feature rather than a bug. The ease of obtaining loans is why tuition has grown much faster than inflation. If the kids can't get loans, the colleges can't soak up that ready loot.
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You missed 2 steps. Student loan debt to be treated like all other debt. Step 1: No more government subsidized loans. Step 2: Interest rates based on unsecured debt. Step 3: dischargable in bankruptcy
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You’d get 80% of the millennial vote. Student loans are the next bubble..
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how about capping interest rate on student loans for qualified education expenses at a very low rate - dont agree with dischargeable in bankruptcy
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my youngest totally using the system - doesn't want to grow up - would love to just declare bankruptcy and not grow up - she feels entitled
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As long as their credit score takes a hit like everyone else go for it
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Bankruptcy rate for student loans would be well over 50-75% if that was the case. Too easy to take sabbatical, claim no income & travel the world while U escape student loans. That said, bankruptcy laws R insanely abused & should B amended in generalhttps://twitter.com/Cernovich/status/1105526730729480193?s=19 …
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PLUS loans as well?
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Yes and zero to a very minimal interest rate on student loans.
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The only way to make it work would be to consider defaulted student loans an advance on tax refunds, and impose a minimum on federal taxes to be deducted from your paycheck.
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You could also reform the public school system so that you're less required to go to college.
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Make the college's become the debt holder in regards to federal student loans.
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This would have horrible effects going forward. The unintended consequences would be off the charts
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Should the schools take the hit or the government/loan institutions? Schools should be responsible for making their students capable of getting a job in their respected fields. What if schools weren't allowed to charge tuition, but only to recoup a capped % of student earnings?
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