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 …
They’d have to change the law Biden personally made that prevents student loans from being removed in bankruptcy proceedings.
That would also fuck millions of American’s credit and lead to all kinds of problems in the economy. Letting everyone go bankrupt is not an acceptable government solution, they need to do something better.
I think they just need to let people default and get out via bankruptcy. Doubt it will ever happen though.
They’d have to change the law Biden personally made that prevents student loans from being removed in bankruptcy proceedings.
That would also fuck millions of American’s credit and lead to all kinds of problems in the economy. Letting everyone go bankrupt is not an acceptable government solution, they need to do something better.