[Vigilanteman]

I've posted this before and think it is worth posting again:

Logical solution to the student loan crisis:

1. Write off 25%.
   
2. Return 75% to the institutions of origin for collection.
   
3. Institutes get to keep 5% for their trouble but must remit the remaining 70% back to the government.
   
4. They are free to hold up transcripts, cancel degrees and employ all the other measures they did to collect against the debtors as when they were students.
   
5. If the institutions still cannot pay back the government within the normal loan times, the government is free to attach their endowments, real estate and other assets.
   
6. Government gets completely out of the loan business and encourages the institutions to line up their own lenders. If a tiny college like Hillsdale (Michigan) can do it, then there is no reason anyone else can't do the same.
   
7. Yes, the taxpayer takes a 30% hit up front to liquidate this crap, but that is far better than continuing to grow this monster.

[St_Thomas_Aquinas]

-— Logical solution to the student loan crisis -—

We don’t do adult solutions anymore. We piss and moan and wish things were different. Then we kill the scapegoat.

This will only compound the loss, but we’ll be placated. Goldstein is dead!