If its a scam, some things we could do: 1. Raid college endowments to pay down student debt 2. Allow bankruptcy for student debt 3. Allow refinancing at generous rates for student debt Things we should never do: When party A loans party B, demand that party C pay it.
one reason forgiving student loans makes more sense to people than forgiving mortgages is property holds value. implicitly, the argument here is college degrees really don't. in a sense, students are the victim of a scam. the question we don't often ask: who is the perpetrator?
-
-
-
Its quite nutty how much people whined about a "bank bailout" in 2008 that a loan to the banks, which they repaid. If you fault banks or schools *at all* in the student loan crisis, then it's unhinged to mug the public to gift those parties money.
End of conversation
New conversation -
-
-
lots of higher ed institutions mislead their incoming students on the success of their graduates
-
It doesn't help the some people choose degrees that will be worthless after college.
End of conversation
New conversation -
-
-
No one put a gun to a student's head to sign for a loan, just like no one put a gun to home-owner's head to sign for a mortgage. The issue is the federal government in both instances, guaranteeing the loans. This means tuition aren't capped and banks will entertain low credit.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Much like with the Great Recession, there is no single perpetrator. Any attempt to find one, so that the story becomes a simple morality play, will only obscure the reality of the situation.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Why in the world would we rely on the federal government to fix a problem it is complicit in creating? Colleges should have to suck up the student loans, and the federal gov't shouldn't back them any more. Banks should have restrictions/caps on mortgages it can issue.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Serious question - have you even looked at the earnings effects of a college degree?
- Show replies
New conversation -
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.