Student loan debt is undischargable in bankruptcy. It is a poison to our country and the culture itself. It is also entirely a self-inflicted "crisis."
The majority of student loan debt borrowers are women with bullsh*t degrees, who cannot get jobs that enable them to manage even the monthly payments. While many of them are happy to offload the burden onto their suckers, err husbands, most are stuck with the bill well into middle-age, while hoping Big Daddy Biden will magically forgive their debts.
It's an intersection of rank ignorance crossed with mindless female entitlement. This is why we have a problem.
I can't even count the number of women I've worked with and known that had not even the foggiest idea what they expected to make with their advanced graduate degree, or even what it costs. One woman I knew was up to $40k for a stupid online grad degree in psychology she hoped--hoped!--would maybe, possibly, give her a raise from $16 an hour to $21 an hour. When I ran her through the numbers, she just sort of looked and stared for a bit, and then pretended like she didn't understand what I said.
Another young woman I knew had $70k debt for a marketing degree she'd pieced together over five schools. Five party schools, that is.
There's a reason why as late as the '70s banks wouldn't give out credit cards to women unless their husbands approved. It wasn't due to sexism. It was due to the fact that most of these women weren't working at the time, and had no credit hostory or ability to repay. The same is true with student loans today. Many women are graduating and finding they cannot find even adequate work. Or they end up doing something that doesn't require a degree, or is in another field altogether. Since the government isn't tethered to economic reality, it continues to hand out loans regardless of a person's prospects or ability to pay. But that doesn't make the risk of eventual default go away. Government cannot will reality away by decree.
Of course, the feminists will cry sexism and throw a hissy fit over hearing these facts. But ask yourself. If the govenrment enables people to take on severe debt they cannot realistically ever hope to repay, that they cannot discharge in bankruptcy, that effectively ruins their life, and prevents them from getting homes, starting families, and being able to survive, how does that not qualify as abuse?
