That is the biggest problem with this proposals. What about the one's who played by the rules, they got screwed.
The simplest way to handle this is to allow student debt to be bankrupted out. If one is overloaded with it, just file bankruptcy. Treat it like any other debt.
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That really is the only way to solve the student loan problem. I'm for that but I would like to see some reform on the college situation at the same time so it doesn't repeat itself.
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Of course but that isnt going to happen. Too many high paying jobs there who are funded with government money. The upper level education will only reform after it collapses. The way to do that is for the customers {kids) to start doing stuff online and businesses accepting that as a valid course of action.
If that happens, then the cushy college campuses will we without students.
Many are already sucking wind due to the lockdown and fears drilled into people. In the US, most universities depend upon foreign students, who are barred from basically entering the country at this point.
I hope hundreds of them collapse and fail. Will serve them right.
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