Student Loan Cancellation Debate

[SteveFoerster]

I'd have a dollar for dollar refundable tax credit in place of Pell, and would kill federal loans altogether. Students who wanted to borrow could do so in the marketplace, creditworthiness, and dischargeable in bankruptcy normally, just like any other loan. Schools would have to drop tuition rates or die or be like Hillsdale and come up with alternative financing plans, and that would be a good thing.