Student college loan forgiveness would turn citizens into zombies

I agree Obama is partly to blame but it goes back before then. I blame Bush. The special treatment given to student loans in the BAPCPA made it so lenders were not incentivized to limit their risk (they’d be paid back somehow in 99.9% of cases). So, they just kept making funds more readily available, which colleges responded to by continuing to increase cost of attendance.

I know Bush signed the BAPCPA law in 2005 but even after reading the article at the link I've provided, I'm still not clear on how this law increased the default rate other that precluding student loans from being discharged in a bankruptcy. Or at least making it more difficult by having to prove undue hardship on the part of the student in repaying the loans.

I don't disagree with you so much as I will say that since the government got their hands in the student loan business, it has been a disaster.

Thanks for responding.

A Morally Bankrupt System: Student Loans Post-BAPCPA

This is a great post and a great thread.

This is just one of many [all] posts and threads which demonstrate the intelligence and analytical capability of FREEPERS. Thanks to everyone commenting. https://freerepublic.com is still the BEST source of good political thought on the internet.

If we lose this country by “losing” to the criminal damocrats, after me borrowing and repaying my own educational loans, and latter sending MANY children through college debt free, who will seek “social justice” for all of my slavery for “the man” ?

I seriously now am in a position where, multiple times per year, I am implored by persons who took out educational loans, often for multiple thousands of dollars, YEARS ago, never graduated, used the money for whatever, paid ZERO on the loans, were never called to account, are now on “welfare,” [a useful term that is no longer politically correct], and now want me to sign new exemption forms asserting that they are now just too old and sick to repay them. And of course they ARE by now.

These things occurred under “republicans” and even R Reagan — don’t tell me there never has been any “social justice” — it’s been going on the entire 20th century.

I’m a slave too, I just did what they want without being whipped, it’s not that same thing, but it’s still a form of slavery when we are abused by government fiat.

(Sorry to be so dramatic but I am in a mood.)

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