Want to fix this? Eliminate GOVERNMENT (taxpayer) guarantees. Remove the built in bias that prevents these loans from discharge via bankruptcy. Allow OTHER institutions to offer loans for education STILL without government backing. Making Universities drives up costs.
Senator Hawley said his bill is “meant to address the concentration of power that has accumulated in the higher education space," and noted that “many of them have built massive endowments that has been enabled by federal tax dollars.”https://dailycaller.com/2019/07/16/josh-hawley-student-loans-universities/ …
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