the problem with our government ‘forgiving’ student loans is not only that many struggled for years to pay their debt off, and expecting them to now pay off someone else’s debt is unfair. it’s that colleges should be held accountable for this.
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Replying to @micsolana
The problem with forgiving student loans is that it interferes with the messages the job market is trying to send future students about how much different degree programs are worth.
21 replies 16 retweets 275 likes -
Replying to @paulg @micsolana
Maybe a more fair and civilized way of dealing with this is to allow student debt to be discharged like any other debt in bankruptcy instead of making kids carry the burden of misfortune or mistakes for the rest of their life.
5 replies 3 retweets 42 likes -
Yeah I’m curious what the response is to the bankruptcy analogue
1 reply 0 retweets 0 likes
bankruptcy needs to be allowed again, but only in conjunction with removing the state from the business of providing loans. people with skin in the game need to be assessing lending risk. this would dramatically correct the cost of higher ed overnight.
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