“Discourage people from getting loans”
But the whole system is organized around these loans. Tuition and fees are 15X what they were twenty years ago BECAUSE of the loans. High school juniors are competing with each other ferociously to get accepted at places that cost $60K/year BECAUSE of the loans. Banksters are becoming billionaires BECAUSE of the loans. Party organizers in the Hamptons are in unprecedented demand BECAUSE of the loans.
If you discourage the loans, hundreds of thousands of leftist wormtongues will be out of work, and we can’t have that.
Quite true. And of course the banksters bribed Congress to exempt student loans from bankruptcy. I support eliminating that exemption. That would allow those who really will never be able to pay them back some relief (along with the negative consequences of a BK), while not allowing high income deadbeats a free pass.