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Discussion and Debate
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With Biden's student loan debt forgiveness in limbo, lawmakers consider colleges' role
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<blockquote data-quote="RDKirk" data-source="post: 77211815" data-attributes="member: 326155"><p>The easy way to solve the problem: Allow debtors to liquidate college debt by bankruptcy. That one thing will solve the problem, both immediately and in the future. </p><p></p><p>Current debts will be losses to banks because that's what should happen when bankers make risky loans. Banks will come up with their own ways to fund students going into fields that promise a better chance of repayment.</p><p></p><p>The decrease in the easy money supply will force students to take courses that will pay or go into other fields that need less time before results start to pay off.</p><p></p><p>The decrease in students will force colleges to re-evaluate the majors they offer.</p></blockquote><p></p>
[QUOTE="RDKirk, post: 77211815, member: 326155"] The easy way to solve the problem: Allow debtors to liquidate college debt by bankruptcy. That one thing will solve the problem, both immediately and in the future. Current debts will be losses to banks because that's what should happen when bankers make risky loans. Banks will come up with their own ways to fund students going into fields that promise a better chance of repayment. The decrease in the easy money supply will force students to take courses that will pay or go into other fields that need less time before results start to pay off. The decrease in students will force colleges to re-evaluate the majors they offer. [/QUOTE]
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With Biden's student loan debt forgiveness in limbo, lawmakers consider colleges' role
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