Right. The only thing that it would require would be the disclosure of wage data to the college, which doesn't seem like that big of a deal. I'm not talking about the cops showing up to your door, but that it would be a legally enforceable debt that would be actionable like normal civil debt.With government involvement it could be enforced but I'd rather the government just stay out of it. However, I suppose if a graduate doesn't pay the 5% voluntarily the debt could go into a collection status and their wages garnished or assets frozen just like what can happen today with an unpaid debt.
"Liberals" do frequently argue that education should be free. That or that it should be dischargable through bankruptcy, which essentially means it's free as well. Get through school, declare bankruptcy. Seems like a simple concept.What is all this about free? The idea that student loans should never be dischargable is an obviously stupid idea.
Everyone accepts that they need to be treated differently due to their availability and lack of a tie to concrete assets, but our current system is not a solution. One of bankruptcy's primary purposes is to allow those who have made poor investments a vehicle by which to divest themselves of them and re-enter the economy as productive citizens. This principle is every bit as valid with student debt as any other.
Perpetual debt slavery is not only is it bad for the student, it's bad for our society.
There is certainly a good argument for state sponsored higher education, but that's not what we're talking about in this thread."Liberals" do frequently argue that education should be free. That or that it should be dischargable through bankruptcy, which essentially means it's free as well. Get through school, declare bankruptcy. Seems like a simple concept.
While I will answer this, I'm not interested in a discussion on it because there is not a single person in this thread that I know of who is advocating for normal discharge of student debt like regular debt. You seem like you're trying to pick yet another fight and for no good reason that I can understand.Do tell. What are the costs of bankruptcy for someone just out of college?
Ah, so he could be included in their "48-100% success rate" for finding employment, in the industry no less."And after completing the program, my first job in the culinary field (working on a meal assembly line) paid $10 per hour."
Seems that there were several ways in which he didn't think this whole thing through....none of his CCA credits will transfer if he decides to go back to school.
Uh everything?Do tell. What are the costs of bankruptcy for someone just out of college?
One of my friends a debt collector (yes those people who verbally threaten you) and she said roughly the same thing. The number of people who check your credit history is unbelievable. It affects every part of your life.Housing rental companies
Cellphone and utility companies
They obviously can't take the information back from you. Maybe they can force you to watch Jersey Shore until the person's brain is as bad as it was before they went to school.Bankruptcy is not a GOOJF card. It was intended to CUT LOSSES, not give something for nothing.