Quote:
Originally Posted by AzteK
This is actually a really good idea as long as the people with the student loans are actively working and paying taxes. Remember these are people unlike most of you, that have made the effort to get a college education and are using their education to better the country. This petition makes sense to close the gap for middle class families that couldn't afford sending their children to college.
|
The "student loan industry" is basically the banking industry, the loans are bundled and sold/resold over and over just like real estate paper. They hope you never pay it off because the interest keeps accruing as penalties multiply.
They are non-dischargeable in bankruptcy, while IBill fucks can declare bankruptcy and then
start over.
Student loans are taken by people who otherwise can't get an education (not the children of the wealthy) so the negative effect is skewed.
Making them dischargeable under regulated circumstance just makes sense.