- cross-posted to:
- academia@mander.xyz
The GOP package, called the “Lowering Education Costs and Debt Act,” consists of five bills that the senators say will address the root causes of the student debt issue such as the increasing price of college and students taking out loans they can’t afford.
The root cause of these higher college prices are in fact that student loans are guaranteed. That’s when it started and that’s when it will end.
This is why it’s a bubble. It can be guaranteed all the bankers want, if people cannot afford it…they will choose food and a warm bed long before they make that payment.
That’s why the government makes sure they can garnish you wages and even social security.