> But barring shifting to a European model of college funding, I don't see the US allowing dischargeable loans, nor do I think they should, because the reality of it is that colleges won't reduce their rates nor increase their scholarships, they would just be completely out of reach of poor and middle class students.
The reality is that the they should be out of reach to poor or middle class students TODAY. They are not serving those people and are actively making their lives worse by saddling them with outrageous debt and no prospect of meaningful employment.
If the US changed bankruptcy it would force the colleges to change as well. Lenders are not going to be sending children into the workforce with zero chance to recoup that loan, and they are not going to want to bloat the college stay to ridiculous proportions.
The reality is that the they should be out of reach to poor or middle class students TODAY. They are not serving those people and are actively making their lives worse by saddling them with outrageous debt and no prospect of meaningful employment.
If the US changed bankruptcy it would force the colleges to change as well. Lenders are not going to be sending children into the workforce with zero chance to recoup that loan, and they are not going to want to bloat the college stay to ridiculous proportions.