[JesusIsLord]

But I was never taught financial literacy, and I built up debt as a kid based on misguided advice.... Unfortunately, I'm now stuck with a stupid decision I made as a kid.

Solution - 1. End all federal and state student loans and subsidies. 2. - I've said in past threads, make it EASY for students and parents who signed for student loans to get bankruptcy protection. Make the banks and schools eat the debt!!!. These institutions would then think twice about lending money to poor security risks. These 2 steps would greatly curb loan defaults IMHO/

[rxh4n1]

“Solution - 1. End all federal and state student loans and subsidies. 2. - I’ve said in past threads, make it EASY for students and parents who signed for student loans to get bankruptcy protection. Make the banks and schools eat the debt!!!. These institutions would then think twice about lending money to poor security risks. These 2 steps would greatly curb loan defaults IMHO/”

Have the schools make the loans. They have huge endowments. If they took the risk we’d see all those useless programs vanish in an instant.