re: What is your best proposal to fix the student debt crisis?

What crisis? The average student debt is less than the cost of a Honda Accord and can be paid back over a longer time period.

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$28,950 owed per borrower on average

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That isn't shite. How about these losers delay some gratification and pay off their obligations rather than become a leech?

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And "just pay back your loans" is not an option.

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Yes, that is the only answer actually. You borrowed it, you have to pay it back. Period.

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the responsible parties: the students who took out the loans, the banks that made the loans, and the universities who took the money

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The bolded entity is not getting NEARLY enough blame and discussion for this.

Declare bankruptcy if you can’t pay your liabilities.

Plus a lot of these people weren’t necessarily spending the loan money in school. They used it to not live poor while in college and are bitching about having to pay it back.

So frick them.

Zero percent interest and a hard cap of $50,000.00 and the tuition would plummet

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Declare bankruptcy if you can’t pay your liabilities.

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Bankruptcy doesn't erase student loans.

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Declare bankruptcy if you can’t pay your liabilities.

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I don't believe student loans are impacted by bankruptcy.


Look, if the loans given out by the government are so unethical and oppressing, the solution is to stop giving them out. Let the free market reign.

Make student loans like SBA loans. Super low interest with a fixed 20 or 30 year term. Treat it like any other loan and remove bankruptcy protection from student loans. If you are all going to complain it should be treated like a loan, then treat it like a loan and let people discharge it in bankruptcy.

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Revert the loan process to the private sector. Make applicant prove “ability to repay” like they have to do with every other loan. Back the loan with either a co-signor or asset deposit. Show grades from previous year to prove viability.

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And make institutions stop requiring students to take classes that have nothing to do with the degree.

Accounting majors dont need to take biology. Its a racket to "give the student a well rounded education" but all it does is tack on more debt and make it take longer for the student to get into the workforce.

If an accounting major wants to take a biology class that is fine but the college should not require it as part of the accounting degree.

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And "just pay back your loans" is not an option.

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Then you're not looking for a real solution