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Comment by philwelch

I would make student debt dischargeable through bankruptcy and I would also favor the federal government no longer providing, subsidizing, or guaranteeing student loans.

The "cost" of higher education is a sham; with no incentive to ever reduce costs, the cost will always rise to match incoming revenues. Meanwhile, student loans are a predatory mechanism where teenagers are encouraged to take on tens of kilodollars of undischargeable, unsecured debt. This combination has allowed the cost of higher education to grow out of control, backed by the cheap, subsidized credit of millions of Americans. Very reminiscent of the housing bubble, in fact.

parent philwelch 7 years ago

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