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To: 9YearLurker
So what are you arguing—that we should continue to dish out humongous student loans to marginal students like crazy AND not make them pay them off?

Nope.

I would treat student loan debt like any other debt.

The only thing I might add is default insurance. A student might be asked to pay a premium each year while in school to cover the possibility of a default later on.

With default insurance, groups that tend to exploit bankruptcy law (like lawyers), or groups in financially marginal degree programs would be asked to pay a larger premium to cover the increased possibility of default.

Of course lenders might also charge higher rates to such groups so perhaps default insurance isn't necessary.

32 posted on 09/14/2012 11:33:50 AM PDT by conservative sympathizer
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To: conservative sympathizer

They’d only take out bigger loans to pay what would be inadequate default insurance to cover such easily weaseled-out-of loans.

I’d be with you if you said we should start writing loans that don’t have any extraordinary debt protection AND we should get the federal government out of student loans completely. But what’s already out there’s gotta be paid for. It’s a population that’s fully capable of paying for it if they’ll only work to.


33 posted on 09/14/2012 11:44:23 AM PDT by 9YearLurker
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