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re: What is your best proposal to fix the student debt crisis?
Posted on 8/24/22 at 12:22 pm to boogiewoogie1978
Posted on 8/24/22 at 12:22 pm to boogiewoogie1978
quote:
And "just pay back your loans" is not an option.
Why is this not an option? It is with every other type of loan... It's what a loan is BY DEFINITION.
2
Posted on 8/24/22 at 2:21 pm to LSUisKING
quote:
Why is this not an option? It is with every other type of loan... It's what a loan is BY DEFINITION.
By definition these loans aren't the same as every other loan
Posted on 8/25/22 at 9:03 am to LSUisKING
quote:
And "just pay back your loans" is not an option.
Why is this not an option? It is with every other type of loan... It's what a loan is BY DEFINITION.
Every other loan can be discharged in a bankruptcy. Not students loans though.
I am not at all an advocate for student loan forgiveness as Biden is doing. But the fact remains that if student loans could be treated like credit card debt, for example, in a bankruptcy, billions of dollars student loans would already have been taken off the books.
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