Also - promote, remove friction to great subjects i.e. engineering and increase friction to "history of art". From a credit standpoint the federal government shouldn't be taking the risk on the later
now that we’re back on bernie’s “cancel student debt 
” bullshit, a few thoughts on actually solving the problem:https://twitter.com/micsolana/status/1110645712285388800 …
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Yes, make everyone boring!
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remove the bankruptcy abuse provision AND make the universities liable for a portion. if there's a default, the loan provider should claw back 50% from the education provider
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How about just make the interest rate not 7% plus.
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If you want to get into it, if the government wanted people to be financially healthy, all debt payoffs should receive tax consideration. Our modern economy runs on debt though, so that is not really what they want to do.
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IMHO, cap repayment obligations at a portion of income for a fixed duration. Make this retroactive as a soft form of debt cancellation. This will finally put price pressure on colleges and align their incentives with the students' financial success, a la lambda school.
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Most logical tweet thread I've seen all month
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alas, it doesn't map to any kind of incendiary politics so people tend to forget about it moments after reading
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The reason for the current bankruptcy provision is precisely because so many people would use it. Graduate then file for bankruptcy to drop the liability. Incurring debt one has no intent on repaying is theft.
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Love #2 1,000%. As for #1, wouldn’t making it tax deductible encourage more loans to be taken out? Consider the incentives. See the mortgage interest deduction as a similar example.
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hoping #3 solves for this. in a world where bankruptcy is back on the table, private lenders should be more thoughtful about loaning, which should force colleges to cut tuition.
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