Grotesque Illustration of the Student Loan Bubble, Plus Thoughts on Student Loan Forgiveness and Bankruptcy Protection Rights
Over at the Reformed Broker, there are illustrations of the student loan bubble. They are grotesque! That's why we need our leaders to take immediate action, and we them need to come up with a multi-solution approach that will include loan forgiveness, the restoring of bankruptcy protection rights, and more. Those are the obvious approaches. First, we need to help current borrowers. The policymakers need to stop conflating us with prospective and/or current students. It's not the same. But if we are somehow granted a debt jubilee, we also need to think about those who come after us. We need to ensure that future generations won't be thrown into a similar system. That means we need to overhaul higher education and remove it from the market system. Higher
