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twoodfin
on Aug 10, 2012
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Education is Our Generation's Big Problem. Let's F...
There's another fix: Hire these graduates into the public sector or a random non-profit, let them make income-based payments, and then forgive their loans after 10 years, regardless of how much they've paid back. The taxpayers pick up the rest.
Thanks, Congress!
http://studentaid.ed.gov/repay-loans/forgiveness-cancellatio...
natrius
on Aug 10, 2012
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I think encouraging people to make better education investments is a better idea than making other people pay for their poor choices.
twoodfin
on Aug 12, 2012
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I agree. To a first order approximation, "Thanks, Congress!" always has an implied sarcasm tag.
danielweber
on Aug 10, 2012
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Why "non-profit"? What's the fundamental difference between surplus going to shareholders instead of going to directors?
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Thanks, Congress!
http://studentaid.ed.gov/repay-loans/forgiveness-cancellatio...