Get government completely out of the “higher education financing” business. No loans, no guarantees, no grants, etc.
Allow student debt to be discharged in bankruptcy.
Watch tuition rates fall to affordable.
NO TAXPAYER MONEY NEEDED,
Education cost and scarcity is the same as if government were managing the food supply.
Why allow student debt to be discharged in bankruptcy? Many a newly minted 21-30 year old would have absolutely NO problem filing for bankruptcy to wipe out his/her college loans. Wouldn’t give it a 2nd thought. And who would pick up the cost of the loss that bankruptcy?
There are (limited) circumstances under which college debt might be discharged in bankruptcy, but lenders have to be held to repaying their debts, and the younger they are in learning that responsibility, the better. It’s a maturing life experience.
Allow student debt to be discharged in bankruptcy.
Watch tuition rates fall to affordable.
NO TAXPAYER MONEY NEEDED,
This. All government involvement in Education is, is a wealth transfer scheme to Liberals. We need to bankrupt them anyways. We would get a bonus by eliminating a major source of Liberal indoctrination.