#politics #libertarian #liberatriansolutions #student #loans #studentloans #finance #debt #debts #bankruptcy #laws #postindustrialamericanmillieu #piam

Everyone keeps talking about how we should forgive all the student loan debt. I see a post about it on Reddit at least once a week, if not every couple of days. Not only would that be incredibly expensive, but it would also be incredibly inequitable. No need to give a parachute to someone who is flying around just fine. The more realistic option would be to simply amend the Federal Bankruptcy laws so that student loan debt can be discharged, or at least some of an individual's debt load proportionate to that debtor's ability to pay in accordance with appropriate revisions to the Means Test (Federal Forms: B 122A-1 / B-122C-1). In doing so you help the people who need it the most, as well as identify the real issues with our institutions of higher education.

TLDR: Let people discharge student loans in bankruptcy.