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  #25  
Old 01-18-2021, 11:39 PM
hobart hobart is offline
Fire Giant


Join Date: Aug 2018
Posts: 857
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The problem with student loan debt (on GSLs) is that the interest rates are too high for a government-backed product where the debtor has little protection and recourse.

Restructure of existing debt to lower rates with forgiveness of penalties and interest to those who get back on track is the best solution.

None of this addresses why colleges are so expensive and get away with funneling poor and working class kids into big debt for shitty degree programs that have low demand.

Free CC tuition for those who make grades is probably the best answer. But for those who aren't smart enough to funnel that into some sort of trade or certificate program that is in demand (and spend two years getting an associates degree in communications) are only establishing the new baseline and essentially replacing the high school diploma.