I just don’t think that’s realistic. We have all this commotion over dissolving student debt, but amongst minorities, they are saddled with all kinds of other debts.
Dissolve that. Give credit score amnesty. Those house loans will be flying off the shelves if we ever did that.
But nah, let’s focus on the guys that majored in Trombone or Classics at a private school for 25k a year.
It’s technically cheaper for tax payers since credit defaults are usually sold to collections for pennies on the dollar. That seems way more affordable, and gives a proper tabula rasa (versus a 1000 stimulus check). We’ll just subsidize the collections payments which usually settle for way less anyway, and just free people up. We should technically do the same for student debt. Have these dumbass schools send the debt to collections, and we’ll pay the stupid 10 cents on the dollar. Fuck off and never over charge again. Why would we actually pay off the full ridiculous amount?
Dissolve that. Give credit score amnesty. Those house loans will be flying off the shelves if we ever did that.
But nah, let’s focus on the guys that majored in Trombone or Classics at a private school for 25k a year.
It’s technically cheaper for tax payers since credit defaults are usually sold to collections for pennies on the dollar. That seems way more affordable, and gives a proper tabula rasa (versus a 1000 stimulus check). We’ll just subsidize the collections payments which usually settle for way less anyway, and just free people up. We should technically do the same for student debt. Have these dumbass schools send the debt to collections, and we’ll pay the stupid 10 cents on the dollar. Fuck off and never over charge again. Why would we actually pay off the full ridiculous amount?