[quote=squat250]…I think there are huge numbers of people out there who’d gladly give up the degree and any benefit or priviliege appertaining thereto to discharge the debt. I mean jeez if someone’s willing to admit they just wasted three or four years of their life, why not cut em some slack?
Eliminating govt guarantee of student loans is really a separate issue.[/quote]
scaredy, they CAN’T simply “give up” the degree. They EARNED it and the education they received is in their minds! We can’t now take this away from the person for the same reason that we can’t take away the past service of a (now “retired”) govm’t bureaucrat. They ALREADY EARNED their degrees/pensions! You can’t fix this now. It is in their MINDS. The rest of us DIDN’T have to go thru what it took to EARN that degree or pension.
You are correct in that eliminating “Sallie Mae” is a separate issue.