“The universities get paid and have been paid up front. Discharging loans will have little to no affect on higher education.”
*face palm* Friend, I’m not saying we go back and reclaim money already spent. How many loans do you think will be made in the future if past loans are discharged in bankruptcy?
.......I’ll wait. keep thinking........It’ll come to you.......
VERY FEW is the answer
Now do you think that future spending on education will affect universities? (psssst. The answer is ‘yes’)
What if spending goes DOWN because people won’t loan money unless they are SURE it will be repaid - won’t that mean fewer people go to university? (yes)
So do you still think that discharging loans will have little to no effect on higher education? (if your answer is not “no” then you must have majored in economics)
“The universities get paid and have been paid up front. Discharging loans will have little to no affect on higher education.”
*face palm* Friend, I’m not saying we go back and reclaim money already spent. How many loans do you think will be made in the future if past loans are discharged in bankruptcy?
.......I’ll wait. keep thinking........It’ll come to you.......
VERY FEW is the answer
Now do you think that future spending on education will affect universities? (psssst. The answer is ‘yes’)
What if spending goes DOWN because people won’t loan money unless they are SURE it will be repaid - won’t that mean fewer people go to university? (yes)
So do you still think that discharging loans will have little to no effect on higher education? (if your answer is not “no” then you must have majored in economics)
What will be the affect of adding another trillion or two to the national debt? Talking about hand hitting head.