hmm sounds like what Tucker was proposing earlier this week

that colleges should co-sign the loans

I think they've been working on this for a while. I agree though that college should be the ones handing out the loans. It will incentivize them to make sure students learn valuble things

also once the government stops being involved they should allow people to declare bankruptcy on student loans

I don't know if declaring bankruptcy on student loans is good idea or not.
When you do it in other instances, the banks still hold/get some kind of asset. They can't really take anything from you for your education.

thats only true for secured loans.

any unsecured loans or debts would leave the lender high and dry

this is why bankruptcy leaves a 7 year black mark on your credit report

you can get out of student loans, contrary to popular belief. you need to show hardship.

Yes, but the banks aren't giving unsecured loans out. They get payed from the government, which i agree with grant should be less involved. But that means it will stop giving out so many loads without some kind of value upfront (normally) from the individual.

that is only true for federal loans, not private loans.

federal loans are around 5% interest, and privates are between 6-12.5%ish.

obviously one is subsidized and one is not

most of student loan debt is held by those without a degree. they attended college and dropped out.

get the gov out and this will restrict the demand and force schools to lower prices. we do not need ppl who are unable to finish college , to go to college.

all that does is give ppl, who would be better suited for trades, an increased amount of debt

If the government gets out of colleges, how many private loans are banks going to be handing out to people to attempt to get whatever degree they want.

they wont increase the lending

because its more risky

banks also ask (currently) for the degree your pursuing and the name of the college. they weigh the risk more

I suspect that if the government gets out of the student loan business, then the primary way of going to college will be through employers that offer to pay for your degree.

^

Though that's just me making assumptions out of my ass.

and that is offered by many diff employers currently

especially ones are desperate for employees

and again, the price will drop

without a guarantee, their current prices would cause a large decrease in enrollment

the various grievence studies would be cut back

It will be an incentive for some employers to do, i'm not sure how high % that could possibly be tho.

it currently happens

student loan reimbursment is one of the many things negotiated in total compensation.

Yes, its already a thing.

It also means that getting useless degrees puts you in massive debt and it creates a disincentive to get those degrees.

Gender studies out the window now

No more worthless grievance studies

I think we should find a way to kick all the commie professors out for spreading seditious ideology.

Kick out all the elites here first, the root of the issue

I had a wall of text about that earlier, I think it got buried though

Dang. I guess I missed it

I found it, I'll DM it to you lol

https://babylonbee.com/news/political-institution-specifically-designed-to-guard-against-angry-mobs-draws-ire-of-angry-mobs