Then let’s do that with all debt, no discharge of any debt in bankruptcy court.
If we did that there would be a lot less debt... and bankruptcies. And also tuitions would be a lot lower and there would be a lot fewer idiots enrolled in ethnic studies, feminist studies, gender studies, black studies.. who will never repay their loans.
Student loans are now guaranteed by the fed (that’s you and me), which means that any bank is more than happy to give any idiot with an iq of 80 a student loan. The bank is guaranteed to get repaid by you and me. This is worse than when the fed forced banks to give home loans to people that couldn’t possibly repay the loan, which caused the whole financial meltdown of 2008.
By the way most student loans can’t be alleviated through bankruptcy.
The fact that a Democrat makes a suggestion Tha makes sense, shouldn’t be tossed aside just because he’s a Democrat.
I’m also in favor of Bloomberg’s stop and frisk policy, of course, now that he’s a Rat he’s had to apologize for it.
By the way, I’m no fan of Bloomberg, but you know what they say about broken clocks...