The whole student loan system is about to collapse. Almost no one can repay them, and sure they don’t go away in bankruptcy, but the millions of people in default have no assets, other debts, and the wage garnishments are not equivalent to their required monthly payments.
It caps how much they can get from the federal government. It doesn’t cap how much these schools can charge
I am aware. I wouldn’t be complaining if it were about capping school prices.
They’re loans that cannot be discharged through bankruptcy. They get that money back, with interest. While creating more healthcare workers.
This is nothing but pure benefit for literally everyone who lives in this country. There is zero downside.
The whole student loan system is about to collapse. Almost no one can repay them, and sure they don’t go away in bankruptcy, but the millions of people in default have no assets, other debts, and the wage garnishments are not equivalent to their required monthly payments.