14 June 2026

This Is Very Familiar!

A modest proposal for the student loan crisis.  With a workable solution.

Of course that means we'll never try it. 

Posted by Angus McThag at 13:38
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2 comments:

  1. Ben C15 June, 2026 19:20

    If you buy a car and get a loan, and the car is a lemon and doesn't perform as advertised, you sue the manufacturer and the lender. If you have a degree that doesn't allow you the career opportunity to generate the income to pay the loan off, you should have recourse against the school and the lender.

    Should be able to discharge, or at the very least restructure, student loan debt in bankruptcy too. If there was a way out it would do a great deal to curb the predatory excess.

    ReplyDelete
    Replies
    1. Angus McThag16 June, 2026 02:09

      I had an analogy about trucks and towing boats with sub-compacts and how the buyer was really at fault and deserved to pay back the loan for being stupid.

      Then I realized that the universities have been selling sub-compacts and lying about their towing capacity for decades.

      Delete

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