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[–] 22339439? 0 points 7 points (+7|-0) ago  (edited ago)

No. The smart thing to do would be first ban student loans for high loan default subjects (womens studies/feminism). All loans are insured by the governement, so the bank gets paid by the gov if you default, but you still have to pay (bank gets paid twice). Take the second payment from the bank, make it a fixed price debt (owed to the government, so that it can be paid off (like a muslim mortgage)

Or just get rid of the government insurance, so that banks will only give student loans to worthy people taking worthy loans for worthy courses.

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[–] ketoll 0 points 10 points (+10|-0) ago  (edited ago)

If you stop the loans, the Universities will stop charging loan-sized tuitions.

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[–] 22349816? 0 points 1 point (+1|-0) ago 

Agreed. More deserving middle class folk and highly motivated lower class folk could get back into the game, and we'd have a white collar class of people who had to climb the ladder to get there, instead of it being handed to them.

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[–] CrustyBeaver52 0 points 3 points (+3|-0) ago 

If you restore student loan bankruptcy, the taxpayer is off the hook and the bankers are back on it.

SJW education is bankrupted overnight. It will collapse because the education itself is worthless, and the loans will default.

Soon banks will no longer finance those failing degrees.

Tuition fees will drop, and the schools will become competitive again.

It worked just fine before Bush jr. outlawed it.

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[–] 22349818? 0 points 1 point (+1|-0) ago 

This could work, but it would have to have a start by date, old loans for shit courses can't apply.

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[–] cantaloupe6 0 points 1 point (+1|-0) ago  (edited ago)

Also the Universities just raise the prices.