Sure seems a bit almost like a plot to suck gulls into a private scam system. And pass laws saying that debt was so special it can't be eliminated in bankruptcy court. And do some corporate socialism to guarantee loans to the fraudsters. Almost as if all those private for profit degree mills might not have sprung up if the owners a…
Sure seems a bit almost like a plot to suck gulls into a private scam system. And pass laws saying that debt was so special it can't be eliminated in bankruptcy court. And do some corporate socialism to guarantee loans to the fraudsters. Almost as if all those private for profit degree mills might not have sprung up if the owners actually might have had to carry the cost of loaning money to people who couldn't pay it off.
Sure seems a bit almost like a plot to suck gulls into a private scam system. And pass laws saying that debt was so special it can't be eliminated in bankruptcy court. And do some corporate socialism to guarantee loans to the fraudsters. Almost as if all those private for profit degree mills might not have sprung up if the owners actually might have had to carry the cost of loaning money to people who couldn't pay it off.
"that debt was so special it can't be eliminated in bankruptcy court". Yep, the created a perverse incentive on the part of diploma mills.