finally paid off my student loans last year. doing "the right thing" was a tremendous burden that meaningfully, negatively impacted my life. ignoring people like me, or minimizing the anger we're about to see, will have significant, probably years-long political consequences.
-
-
(AND a grifter) fify
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Bush may have signed the bill but Biden was instrumental in doing the banks bidding on this. If you remember, Hunter was on the MBNA board at the time
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
How about creating affordability calculators and more accurate college league tables so people know *before* they take a course, their likely financial returns.
-
I mean the problem here is not college debt per se, it's how much students are charged for a crappy product and how little they consider what their return on investment will be.
- Show replies
New conversation -
-
-
Maybe make the educational institution that benefited from the loan share the pain of the lender in the event of bankruptcy. Probably can't do it retroactively, but let's at least align incentives going forward.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
this NYFRB paper always stuck out in my mind, in that 60 cents on the dollar of every student loan was just passed through into higher tuition... https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr733.pdf …
-
Yea- all this cheap money from govt was effectively a mass subsidization of a failing higher education system. This is a bailout. And what did the students even learn at these schools?
End of conversation
New conversation -
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Your anger is getting in the way of communicating your ideas.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
