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by jbigelow76
1885 days ago
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Seems pretty simple... Student loans become dischargeable > lenders stop lending where tuition cost != market value > exorbitant tuition no longer affordable > universities forced to reprice to new market coniditions > paying back tuition now preferable to 7 year hit on credit for bankruptcy > diplomas for everyone :) The inability to discharge tuition via bankruptcy has become a moral hazard that society needs to deal with. |
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Keep in mind that society != government. It's government that is enabling nondischargeability; and it's not in the best interests of the political class to change this situation.