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by dnautics
4736 days ago
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I'm surprised the absolute nondischargeability of student loans is not brought up in the article. This is, ultimately immoral, because that is exactly (fractional, voluntary, nonchattel) slavery. The US, to Obama and congress's credit (those who know me know I'm not a huge fan) engaged in some credit reform in the wake of the 2008-2009 economic crisis. Credit cards firms were required to allow their customers to restructure their loans and became obligated to outline the loan payments afterward, and rotating credit became dischargeable in bankruptcy proceedings. One wonders why college credit hasn't undergone such reforms. Does academia have that powerful of a lobby? |
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