For context, I’m really referring to central banks. What would the consequences be if the central banks just decided to forgive entities that issue student loans, like FAFSA? I’m asking on a global scale and an individual household scale.
Thank you!
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It does nothinng to discourage colleges from continuing to charge inflated tuition rates, admit students who really shouldn’t be there, keep them there instead of flunking them out, and inventing degree programs of questionable value.
If they are selling degrees that are truly producing an income that is too low to repay the loans needed to buy them, the money for those loans should come from the people who sold the overpriced degrees.
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