Absolutely. I can guarantee you they would re-prioritize their spending if they had some skin in the game for student loan debt.
Of course the simple answer is make student loans just like every other loan and if the person can't pay it back they can file bankruptcy. I am not advocating for bankruptcy, but if that risk was there, the student loan creditors would be much more careful with issuing loans.
Practically speaking, I don't think that will happen, but a good step forward would be capping the amount of loans you can't default to something like $10,000. You can get a decent education at a Community College for that and it won't cripple you for a decade.
Absolutely. I can guarantee you they would re-prioritize their spending if they had some skin in the game for student loan debt.
Of course the simple answer is make student loans just like every other loan and if the person can't pay it back they can file bankruptcy. I am not advocating for bankruptcy, but if that risk was there, the student loan creditors would be much more careful with issuing loans.
Practically speaking, I don't think that will happen, but a good step forward would be capping the amount of loans you can't default to something like $10,000. You can get a decent education at a Community College for that and it won't cripple you for a decade.