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.
Get the government out of the student-loan business, and that’s not a problem.