General Discussion
In reply to the discussion: A FAIR solution to student loan debt? [View all]Orrex
(67,141 posts)Every 17 year old pressured into taking out student loans was sold a bill of goods that promised a lifetime of prosperity to follow. The very notion, pushed for decades, that "smart" high school students must go to colleges is part of that bullshit sales pitch, and the well-documented price hike policies of universities nationwide are clear cash-grab schemes to rake in more and more student loan money on the backs of students who will never be able to pay it off.
Predatory lenders give a slick sales pitch to make their usurious loans seem like the best thing ever, and the minors who sign up for it will then suffer decades of punishment for failing to make accurate predictions about the economy five or ten or fifteen years in the future.
You're holding minors (most of whose parents probably aren't Ivy League economists with a team of researchers) to a higher standard than banks, businesses, or politicians.
Make student loan debt subject to bankruptcy like just about any other voluntary loan other than tax debt or court-ordered debt.