• nomadjoanne@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    edit-2
    1 year ago

    I think they just need to let people default and get out via bankruptcy. Doubt it will ever happen though.

    • tcj@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      They’d have to change the law Biden personally made that prevents student loans from being removed in bankruptcy proceedings.

      That would also fuck millions of American’s credit and lead to all kinds of problems in the economy. Letting everyone go bankrupt is not an acceptable government solution, they need to do something better.