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> bankruptcy would be a start? Yes. This is the start and the end. Bankruptcy will stop lenders from making predatory loans. It puts risk on both sides. Tuit
by dontJudge 8y ago
> bankruptcy would be a start?
Yes. This is the start and the end. Bankruptcy will stop lenders from making predatory loans. It puts risk on both sides.
Tuition costs will naturally (and quickly) drop. Because there will be fewer people able to pay a crazy loan fueled price without a crazy loan given to them.
- linuxftw 8y agoPrecisely. Same applies to mortgage market as well.
- CPLX 8y agoMaybe. The other option is that higher education will just be for the global rich. It’s a myth that markets need everyone, in fact it’s a core tenet of modern economics that markets can hum along just fine while excluding a large class of people, with no incentive to bring them into the fold.