“Luckily student debt is dischargeable in bankruptcy. Oh wait. It isn’t.”
Which is probably why the government took student loans away from commercial banks. Looks like a good way to either buy votes by forgiving debt or establishing a new cash flow stream via a payroll deduction plan. If debt is forgiven, I think all past students who paid off their loans and all parents who footed the bill for college educations should demand reparations. Sooner or later this false image of a college education as a job requirement and the granting of “useless” degrees is going to stop and colleges will have to face reality.
>>Sooner or later this false image of a college education as a job requirement and the granting of “useless” degrees is going to stop and colleges will have to face reality.
That is the real issue right there.
Of course you can’t give employment tests any more if the results are discriminatory by race, forget that blacks as a group don’t achieve academically anywhere near as well as whites do. So HR and hiring managers continue to use the college diploma as a filter.