re: I could consider a LIMITED student loan relief program, under one condition: Fix it.

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1. Make them dischargeable in bankruptcy

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This does not allow for this

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2. End government-backed student loans

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3. Cap the interest rate allowable for student loans at something extremely low

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While I completely agree with your sentiments, you are basically asking banks to take on risky loans at a low interest, and when people default and declare bankruptcy, banks get screwed.

I mean, what could go wrong? The bottom line is that the government needs to step out. That is step one. Banks should then be allowed to make loans at whatever interest rate they determine based upon the individual they are lending to. Got a kid with a 1550 SAT, high GPA that wants to major in rocket surgery? Yeah, that seem like a good bet, whereas some fat, blue-hair chick with average grade and a shiiitie SAT that wants to major in ancient ghey Sanskrit poetry? yeah, that's a hard pass.

The reality is that colleges are basically selling financing and not education, and as a result, those families that can afford to pay full tuition are bearing the brunt of the costs.