This is true. An easy way to solve the student debt "crisis"

@soar2newhighs Don't worry...every entitled idiot from the beginning of time will file lawsuits claiming reparations.

@soar2newhighs Most student loans are guaranteed by the federal government. So the Dept of Education holds the bag.

So, technically it's not necessarily a good thing, I guess if you are the DOE. So in so far as the DOE...they'd pay the freight.@CopperCicada

@soar2newhighs There is also plenty of privately held student debt, though honestly Bernie or Warren's plans my cover that, I don't know.

@Pherick Do you know if the default rate is lower for privately held unguaranteed student debt?

@CopperCicada That I don't know, everything I can find is related to the Federal loans, nothing about how private data might impact all this?

[quote]A cohort default rate is the percentage of a school's borrowers who enter repayment on certain [b]Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program[/b] loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.[/quote]

I doubt either of those two and/or their plans would come to the rescue. I could be wrong though.@Pherick

@soar2newhighs Agreed, I wouldn't think those plans would cover the private debt, I mean that would be something akin to direct payments from the government to private companies. Much different than government entities forgiving debt.

For Lols, the Government forgiving debts? Well for me, I received a bill from the Dept. of Veterans affairs, printed out and sent via mail (How much did that cost?) for a grand sum of ONE CENT!! The Gov't forgiving debt? Well, then too that depends on whose scratching each others backs! Again, Lol!@Pherick