Proposed Addition to Policy Position on Higher Education

A member has suggested an addition to the Centrist Independent Voter policy position on higher education. The suggestion is to make federally financed student debt dischargable in bankruptcy. In addition, in order for students to be eligible for federally financed student loans, their educational institution must agree to reimburse the government for 1/2 of any loan balance discharged or forgiven by the federal government under the original terms of the loan.

Obviously, a great many students would be technically bankrupt on graduation, so some kind of delay on allowing the debt to be discharable in bankruptcy would be necessary. I would suggest 10 years, but that is just an arbitrary suggestion.

Other suggestions are welcome. Comment below.

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