ttystikk
Well-Known Member
Just one percent of student loans were discharged through bankruptcy before the whole 'ending student loan abuse' Juggernaut got started. So where was this problem?Isn't there truth in what both of you are saying?
I totally agree that TO SOCIETY, that liberal arts education is worth the investment not because all of the students will produce enough value to pay for the education, rather because some of those students will completely out perform everybody else and produce enough to pay for thousands of students education. Those that don't out perform and are stuck with tens of thousands in student loans will not benefit economically from that education. I believe that a good education provides other than economic returns in the form of richer lives, produce better educated children with better prospects than if their parents had not gotten that higher education. Also a well educated work force might make better decisions a the polls. That education that cost $115k was probably worth it but saddling a person who is just starting out in life with that debt is not good for the person or society. We need to fix that.
I read where you criticized people who get a degree as morons. (staring at you wondering how you could be so wrong)
The problem is how we finance education, not whether or not a higher educated population is worth the cost, because in sum, tangible and intangible benefits most certainly do balance out for our society as a whole.
I admire Denmark's system where deserving students go to school tuition free, have free housing and a stipend.
Regarding Biden's so-called evil acts about bankruptcy, in tty's article. If one reads that article, they would see that it was more about closing loopholes in our bankruptcy laws that make it too easy to run up debt and walk away from it. That bit about student loans is just a throw-in to get those susceptible to histrionic melt downs excited. Federal student loans were always nearly impossible to walk away from. Biden just maintained that stricture, he didn't create it.
In the publicity campaigns of the banksters, near as I can tell.