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by twoodfin 5056 days ago
There's another fix: Hire these graduates into the public sector or a random non-profit, let them make income-based payments, and then forgive their loans after 10 years, regardless of how much they've paid back. The taxpayers pick up the rest.

Thanks, Congress!

http://studentaid.ed.gov/repay-loans/forgiveness-cancellatio...

2 comments

I think encouraging people to make better education investments is a better idea than making other people pay for their poor choices.
I agree. To a first order approximation, "Thanks, Congress!" always has an implied sarcasm tag.
Why "non-profit"? What's the fundamental difference between surplus going to shareholders instead of going to directors?