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Bring down the cost of attending university so that student loans aren't necessary to obtain a Bachelor degree.

387 Views / Posted by Nathan Bouscal

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Treat undergraduate education as basic education, recognizing that a high school degree is no longer sufficient for gainful employment.
Supporters: Nathan Bouscal, Kyle Rutland, William Hughes, Timothy Suen, Grace Anderson
Opponents: None
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    Problem It is nearly impossible to discharge student loan debt via bankruptcy
    The soaring costs of education, the tremendous increase in the volume of student loans taken out to pay for it, and the worst job market in decades have conspired to create a dismal financial situation for today’s college graduates. Though many of them are basically bankrupt, laws passed in 1998 and 2005 prevent college graduates from discharging their student loan debt in bankruptcy court without “undue hardship” a condition that is practically impossible to prove. Nearly all debts – including gambling debts – are far easier to discharge than student loan debt. Even private student lenders like Sallie Mae agree that this law needs to be changed.
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