Do you know anyone working to change legislation that makes student debt non-dischargeable in bankruptcy?
Student debt is something the government makes it extra easy to get into, and extra hard to get out of. The word for that is "trap." I don't think the government meant to create a trap, but that's what they've ended up doing.
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Serious consideration...will allowing student loans to be dischargable in bankruptcy create a net-effect of tigher lending rules...resulting in far more loan declines?
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There's a very compelling case for debt cancellation. The world is on recession watch. Would be a smart stimulus in 2020.
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Start with interest cancellation.
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That’s why I chose my masters in Germany over US. It’s almost free i.e 200€ per semester only. I don’t know why so many people don’t know about this. They even give you 18 months of job-search visa.
#longliveGermany -
Given the fact that most Americans don’t even own a passport
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No it's not. All other debt qualifies you first. Then lays out your payments. And If you end up in over your head, you can do things to get out of it and take a hit to your credit for some years and then start over
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@edenasszard What do you think? -
idk man, but they should probably look towards removing the trap then
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