re: School loan repayment begins Oct 1st. Students are scrambling to set up loan repayment.

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2) if students loans were all private and dischargeable by bankruptcy, no one would lend the money. There is no collateral.

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The issue is the colleges. Not the concept.

The cost of college is silly. And that’s been largely driven by the ease of access to student loans that the colleges will get 100% of their money from even if the degree is worthless or the job market doesn’t support the roi. There are no incentives for schools to control costs. They add fees and spend millions on bullshite and then pass the cost on to the kids.