Student Loan Compared To Business Loan
(media.greatawakening.win)
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Are they adults, or children? They have the God-Given Right to be stupid. In many cases, these "liberal" college kids tend to take out $100+k loans, while demanding everyone do everything for them. And their choice of degree, typically reflects their lack of intelligence, ambition and effort.
A $100+k student loan for STEM, isn't comparable to a "Liberal Arts" degree. If you are stupid enough to take out that loan for "victimhood studies", or "stage lighting", or "the music of Taylor Swift"; you are stupid enough to sue the taxpayer for not funding your idiocy.
Unfortunately, Colleges USED to weed out the unwise, from the industrious. We are getting Engineering students that cannot think on their own, naïveté is expected, lack of common sense is not.
Joe Biden did this. He make it so student loans can not be discharged with bankruptcy like other loans. It creates an incentive for predatory lenders to give loans to dumb kids
This changed in November of 2022. Students can live "free" for a degree at taxpayer expense, then file Chapter 7 or 13 Bankruptcy, and we eat the bill.
https://money.usnews.com/loans/student-loans/articles/can-you-file-for-bankruptcy-on-student-loans