(06-26-2019, 07:08 PM)mikesez Wrote:

(06-26-2019, 08:16 AM)The Real Marty Wrote: I have a much more elegant solution.  Get the government out of the student loan business.   If we do that, then lenders will be much more careful whom they lend to, and for what courses.  Colleges will be forced to control their expenses and tuition rates, or they won't have any students.

That's a good red meat motto, but it exposes ignorance of the fact that the government is necessarily involved in every type of loan. 
If someone fails to pay up, the lender must call on a judge to force them to pay up.  This is true of primitive and modern societies.
All I'm trying to discuss is the guidelines that the judge should use when he or she is called on.

Ref
Playcaller

See how the terms are different?

Government intervention CAUSES inflation.  For deflation you need competition based on price and consumers finding alternative sources of the good or service in question.  In reality we need to abanfon the idea that everyone needs to go to a 4 year brick and mortar institution to advance their education.  Certifications for some fields and otj training for blue collar professionals.

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