Earlier quoted context omitted.
That's a bad idea; tuition is directly subsidized by student loans. A better approach would be to allow student loan debt to be treated like any other debt during bankruptcy proceedings, as it was previously. It was only after bankruptcy protection was withheld from students that the student loan crisis and skyrocketing tuition became problems. It's not like people used to file bankruptcy on graduation day just to sc…
Student loan is very different from most (all?) other types of debt - the collateral is inside the debtor's head. In other types of loans creditors can put a lien on some type of property - cars, houses, business, etc... For student loans there is no such recourse. Student loans lost bankruptcy protection in 1976 [1]. Student loans became a crisis way later than that (I went to undergrad + master in late 90's, early…
Re: High prices make textbook ‘piracy’ acceptable to most students
#321The student loan crisis is a cost of living crisis. The rent is too damn high. Room and board fees are a major portion of the total bill that everyone seems to ignore.