It will stop the funding when the funding dries up. Currently the loans are self-sufficient merely because people can't use their right to bankruptcy to overcome them.
Plato and Adam Smith warned against burdening the young with debts that they cannot repay. The loans deprive them of the assets they are expected to acquire to become a supporter of capitalism. These indentured servitude loans are making people into commies.
You’re right. You can’t claim bankruptcy on federal student loans. And that’s how more kids accumulate even more debt because the interest keeps piling up.
It will stop the funding when the funding dries up. Currently the loans are self-sufficient merely because people can't use their right to bankruptcy to overcome them.
Plato and Adam Smith warned against burdening the young with debts that they cannot repay. The loans deprive them of the assets they are expected to acquire to become a supporter of capitalism. These indentured servitude loans are making people into commies.
You’re right. You can’t claim bankruptcy on federal student loans. And that’s how more kids accumulate even more debt because the interest keeps piling up.