another solution would be to make the schools pay back the debt for them, most of them could and still have ample war chests left over.
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i actually do just think these few steps below would solve the problemhttps://twitter.com/micsolana/status/1110645712285388800?s=20 …
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@naval had a great idea, total student debt is approximate to total endowment for all schools. Are colleges for running profits and tax sheltering wealth or education and development of young minds.Thanks. Twitter will use this to make your timeline better. UndoUndo
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I know right? In every discussion where student loan forgiveness is discussed, advocates never talk about what we do with people who are just starting to borrow for school now; never talk about reducing the cost of education long term.
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Cap interest to a maximum of 25% of the original loan's value.
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No need for loan forgiveness, no need for bancrypcy, no nothing. It will fix all the exploitative loan practices.
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If they cancel the loans and also cancel all future loans then most of the schools that are not adding value will probably shut down. Maybe a third or more
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A complete reset of the system is the only way to solve the current problems. Ensuring universities are compensated only when the student gets a job is a good first start.
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They got to pay off their good little activists somehow...
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What about the people who could never afford to participate in that system anyway? do they get a one off payment too? or is it just for the more lucky ones?
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