this post was submitted on 02 Sep 2024
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The loans allowed colleges to raise tuitions by astronomical levels. The answer is regulate their pricing and the cancel.
If the loans were cancelled, it just means the borriwer doesn't get to act upon the loan and get back his money - no taxpayer money needed.
Are the loans not privately Held? Cause the government cancelling loans held by companies would be unreasonable seasure, and require reimbursement.
Some are, some are not.