GMCGeneral
Diamond Member
Fewer go to college? Like that's a really bad thing? As vocational and building trades are in dire need of workers I see a continued move away from these anti-American indoctrination centers and move towards hands-on jobs that can pay a mint, yet those students/apprentices won't be stuck with 10s of thousands in college debt for worthless "gender studies" degrees. Oh, and a BIG plus, people in trades do tend to vote more Conservative.Well aren't all loans somewhat predatory? I've had a few in my life. Seldom did I find a lender who would work with me.
There are 2 things about this that will be the ultimate resort.
First; if you don't have the money, you're not going to repay the loan. Just the way it is.
Second; it does create/expand the market for loan swapping. Generally this is a bad idea. Nobody is going to give you a load to replace your current loan unless there is something in it for them. However, you may look better to a 3rd party lender than you would look to the current loan holder (who is seldom the originator).
The bottom line is a weaker nation. Fewer will go to college. So going forward we're going to have to import more "eggheads" (I use that term lovingly) from nations who aren't anti-education. Gee, I wonder if the right wing loons will have a problem with that? Nah...