Senate Republicans introduce plan to tackle student loan debt (thehill.com)

submitted 1 year ago by mjgood91@beehaw.org to c/news@beehaw.org

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The GOP package, called the “Lowering Education Costs and Debt Act,” consists of five bills that the senators say will address the root causes of the student debt issue such as the increasing price of college and students taking out loans they can’t afford.

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[-] ampersandrew@kbin.social 10 points 1 year ago

These don't sound terrible, but aren't the root causes of the student debt problem still being unaddressed?

student loans are legally allowed to be usurious (payment plans where your payment isn't enough to cover interest, and the balance grows)
you can't legally default on student loans; they follow you out of bankruptcy

Because that's a potent cocktail for disaster.

this post was submitted on 15 Jun 2023

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