While I realize that occasionally a debtor duffers some unforeseeable difficulties that can delay or compromise repayment ( therefore the lending provision for loan losses), that’s not the substance of the problem today. Rather, the problem is mostly that many students borrow funds imprudently - usually for courses of study that are patently useless or poorly needed in the job market. It is imprudent to lend large amounts of money to persons who have little or no serious plans to repay Obama created this problem by his unilateral seizure , takeover of the student loan market. He should be forced to repay these very very foreseeable losses to the American taxpayers. Put him in Guantanamo , give him a sledge hammer and a nice big pile of rocks.
“Put him in Guantanamo , give him a sledge hammer and a nice big pile of rocks.”
How’s about we give him the sledge hammering and bury him with a pile of rocks?
Another issue is students borrowing the money and mis-spending it.
Borrowing to go on Spring Break trips. The 1/5 of students borrowing on student loans to buy Bitcoin.