Congressional Democrats on Thursday introduced legislation that would immediately cut interest rates to 0 percent for all 44 million student loan borrowers in the U.S. While the Student Loan …
I agree in principle, but not in reality. We will never get student loan relief if we shoot for “perfect”.
Yes, schools will raise prices in response, if they don’t have to share any responsibility for the loans. Every time we get some way to enable students to pay for college, schools raise the price more. It’s a fact, and I agree that they will be dicks again if they can.
But, that does not exclude half measures to give relief now. We can have an imperfect non-solution now, and go for the long term solution later if it helps people get by.
Lenders should have to do things like credit-worthiness checks on students.
Impossible. 18 year olds don’t have extensive credit histories, if they have any. It’s simply an impossible thing to evaluate.
I agree in principle, but not in reality. We will never get student loan relief if we shoot for “perfect”.
Yes, schools will raise prices in response, if they don’t have to share any responsibility for the loans. Every time we get some way to enable students to pay for college, schools raise the price more. It’s a fact, and I agree that they will be dicks again if they can.
But, that does not exclude half measures to give relief now. We can have an imperfect non-solution now, and go for the long term solution later if it helps people get by.
Impossible. 18 year olds don’t have extensive credit histories, if they have any. It’s simply an impossible thing to evaluate.