I like this! Is filing bankruptcy to discharge student loan debt currently not allowed in the States?
College: 1. Allow student debt to be discharged through bankruptcy. 2. Require colleges to post graduation, job placement and average salary rates by program/sex/race (to avoid covering up for affirmative action). 3. Remind students of non-college options. 4. Stop subsidies.https://twitter.com/thecjpearson/status/1120426212118204421 …
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Not allowed but how about colleges eat half the loss if someone defaults let them share in the risk not just the taxpayers, that’s why they raise tuition by double triple inflation every year, they have NO RISK.
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Why not let the universities “front” the education, and the student directly repay the university. That way, the school would have a vested interest in seeing that student succeed so they can get their money. Would remove government and banks all together from the transaction
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Can you imagine all the bullshit majors that would dry up because the school would already know they're not worth the cost?
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Yeah, that’s why this needs to happen and not allow the government to continue to write blank checks to these universities. Free market works when it’s actually free to work.
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If colleges were on the hook for defaulted student loans, they’d have incentive to a) keep tuition lower and b) provide graduates with skills and degrees that lead to fruitful careers.
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5. Make ALL colleges back the loans the give, not the US gov.
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Then they become for profit and the interest rates sky rocket. I agree with the idea of removing the government
. But I think keeping the loans competitive with banks, who only give loans to students who have the grades is the way to go. Make them work for it! - 1 more reply
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Why is it that if I get a loan for a car, the bank wants to know the condition of the vehicle, year mileage etc to make sure the investment is worth it. Yet when a student gets a loan, the Banks turn a blind eye to what they are majoring in or what their future plans are?
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Or the colleges themselves procure the loan so they have to make an honest assessment of cost benefit to what the kid is majoring in.
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5. Just as the value of your home is assessed to determine your mortgage, so should your degree in order to get financed.
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Take that up w/the colleges. It's not a gov't issue.All are a waste of money except for about 3 colleges & nothing more than lib socialist platforms banning free speech. Their lib socialist anti America agenda is the only agenda allowed on campuses!
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Make it easier for students to sue their colleges for awarding them useless "lemon" degrees.
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I think the blame goes both ways on that one.
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Agree. For every predatory lender there's a predatory borrower.
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Debt forgiveness for trade school completion and working for 5 years in trades.
@mikeroweworks says millions of open good paying trade positions needed now.Thanks. Twitter will use this to make your timeline better. UndoUndo
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