I don't think this is the cure for student loans, though.
The #1 reform student loans need is to be dischargeable through bankruptcy. There's a long list after that.
Credit records doesn't make the list for student loan reform to me. Credit records should be about choices, which student loans are, and which medical expenses are not.
The cliche about $200k debt for a liberal arts degree is perhaps an exaggeration, but the core of student loan reforms should be on realigning incentives to make sure the ROI is positive.
I don't think this is the cure for student loans, though.
The #1 reform student loans need is to be dischargeable through bankruptcy. There's a long list after that.
Credit records doesn't make the list for student loan reform to me. Credit records should be about choices, which student loans are, and which medical expenses are not.
The cliche about $200k debt for a liberal arts degree is perhaps an exaggeration, but the core of student loan reforms should be on realigning incentives to make sure the ROI is positive.