YOU JUST AGREED WITH ME BY ADDING A CAVEAT!pic.twitter.com/cnIn7s7fQC
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The caveat was already there. He just pointed it out.
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Or would be if they got rid of all the nonsense administrators, diversity managers, and you cut the federal regulations so they could get rid of a lot of compliance people.
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Who will make the new loans? Taxpayers won't fund it if it's shown through discharges to be a losing proposition, I don't think.
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Aren't student loans almost entirely a federal government racket these days?
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Yep. They bought out all the private loans. That's when all the fuckery started happening with my loan (double-withdraws, not withdrawing the money from my account despite giving me payment confirmations, etc.) They do still use private payment processing companies a lot though.
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Up to 1998 student loans were bankruptable. In 1999, a long-dormant student protest movement came back from from the dead, filling a much-needed gap in political discourse. The non-bankruptable nature of student loans is new. It's not a traditional feature of capitalism.
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The rates were far higher, too.
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