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by rdl·4y ago·view on hn ↗
It's the easily available financing (secured against bankruptcy) which has enabled the cost spiral; eliminating this would start to put pressure on university prices.

This would cause them to be somewhat cost conscious in certain areas; explosion of administrators, and use of capital contributions for excessive facilities.

1 comments
I think it's fair to be against student loans. My point is that by being against preventing the declaring of bankruptcy of student loans you're in effect arguing for either a system where the providers are forced to give out loans that won't be repaid or a system of no student loans. You should make it clear which of the two alternatives you're actually advocating for rather than advocating for a vague policy without exploring its obvious consequences.