After years of selective enforcement by the Obama administration, are we finally about to see some even handed treatment of educational financing? Will we finally get to enjoy Student-Loans that subsidize education instead of vacations and binge drinking? As a recently graduated law student with over $100k in debt, I sincerely hope so.
What reasonable person would take out thousands, if not hundreds of thousands, of dollars in loans with no clear goal in mind; with no return on investment even vaguely in sight? What kind of institution would lend that much money to such a person? For the life of me, the only answers I can come up with seem like they belong in a poorly written action movie with a transparent villain.
Best not to participate and take action to deleverage the control of government and TBTF banks. The answer is less government not more!
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When government is the problem, it can't be the answer. You're quite right!
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