Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: reaganaut1

Should also make the loans dischargeable in bankruptcy.


3 posted on 03/19/2019 5:32:41 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: DuncanWaring
The State of North Dakota has minimal problems with defaulted student loans because they do exactly what Trump is suggesting. There are strict limits on what can be borrowed and they are tied to progress toward graduation and marketability of the degree.

The only catch is that said loans are only made on universities located within the State of North Dakota, few of which offer useless and unmarketable degrees.

10 posted on 03/19/2019 5:46:04 AM PDT by Vigilanteman (The politicized state destroys all aspects of civil society, human kindness and private charity.)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: DuncanWaring

They used to be. I think that changed in the 90s.


11 posted on 03/19/2019 5:48:58 AM PDT by gattaca ("Government's first duty is to protect the people, not run their lives." Ronald Reagan)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: DuncanWaring

Should also make the loans dischargeable in bankruptcy.

They don’t go away because they were discharged. Someone takes the loss: Hint taxpayers. You see, the education industry now has become too big to fail.

I am beyond tired of underwriting everyone of these demgop party schemes like the mortgage loan “crisis” of 08. What would have happened without the bailout? Well, the banks would have gone under so we could not let that happen. 10 years later, same loans being made during a real estate bubble that will rank up there with the tulip bulb folly of the 1600s.


13 posted on 03/19/2019 5:51:35 AM PDT by Mouton (The media is the enemy of the people.)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: DuncanWaring

Why?


14 posted on 03/19/2019 5:57:14 AM PDT by gcparent (Justice Brett Kavanaugh)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: DuncanWaring

Amen....that is the only real fix


37 posted on 03/19/2019 11:23:24 AM PDT by RFEngineer
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson