re: student loan forgiveness

 At the bakery where I ate breakfast this morning, I overheard another geezer ranting about student loan forgiveness. Why not forgive home loans? Why not auto loans? Why not all loans?

Look, when you take out a mortgage, the house is collateral. If you default on your mortgage, the lender can repossess your house and sell it to someone else. Likewise for auto loans or loans to buy furniture.
It is very difficult to discharge student loans through bankruptcy. If you default, what is the collateral? Can the lender repossess your diploma and sell it to someone else? What if you never graduated?
The comparison between student loans and other loans with collateral that can be discharged through bankruptcy is specious and ignorant. I did hear this geezer say he was quoting stuff he heard on Breitbart. Well, if you get your "facts" from a right-wing propaganda outlet, no wonder you're confused.
Ultimately, the solution is to make student loans dischargeable through bankruptcy, like other loans and shift the risk to the lender, where it belongs.

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