"we should punish prudent people who bought an asset with certain government guarantees and reward imprudent students who get to keep the asset that they purchased with the debt"https://twitter.com/EpsilonTheory/status/1143561069664845824 …
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Morally, that sucks and your parents have every right to be outraged. However, this is why the financial advisor industry is often indistinguishable from the financial industry. Don't know what to tell you other than, tempus fugit.
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> Morally, that sucks In the moral realm, things don't "suck" or "don't suck". They're right or wrong, acceptable or unacceptable. If you think it's acceptable, I'd like to hear your argument. > tempus fugit. I'm not sure how that concept ties into this argument.
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Make the colleges that took the money liable for the defaulted loans. (Clearly the government would have to cover the loan defaults.)
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