Wait till the school debt crisis hits. At least with real estate there was a building left to sell.
I predict that eventually the student loan issue will result in loans being written off. It could happen in stages. For example, they could first change bankruptcy laws so that student loans can be discharged in bankruptcy. Then, decisions could be made for loan repayments to be limited to a small percentage of their income, with the rest being written off.
When people such as that Ocasio-Cortez woman get in positions of power, a mindset that these poor students shouldn’t have to repay, will result in policy decisions which wipe out their loan debt.
“Wait till the school debt crisis hits. At least with real estate there was a building left to sell.”
Absolutely. Giving student loans to heads full of mush majoring in creative writing, ethnic studies, or just about any other “humanities” with no prospect of them being able to repay it is way worse than no-down, interest only liars loans to people with no or part time jobs.
I listen to Dave Ramsey every so often and the number of people calling in saddled with huge student loans is stunning.
I wonder what the red flag will be warning the bubble is about to burst.
Wait till the school debt crisis hits. At least with real estate there was a building left to sell.
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Indentured servitude makes a return.
I think you grossly underestimate the value of degrees in wymyn's studies, or Hungarian lesbian art history......