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Chat Threads — Student Loan Borrowers Taken for a Ride as Supreme Court Sides with Lenders
Excerpts from a July 4th chat thread on the recent Supreme Court decision on forgiving student loan debt and what it means for the borrowers
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A friend started off a recent chat thread asking me what I thought about the recent Supreme Court rulings on the student loan issue.
And with that, our chat thread was off to the races!
I’ll share screenshots below of part of the actual chat log with my friend, D . . . along with comments written and some longer commentary in between the images.
I’m keenly interested in people’s views on this issue — what should have happened; what should happen going forward; what’s possible, what isn’t, and what’s “the right thing” to do.
Let’s dive in.
Let me be extra clear on a point I made in the 2nd chat bubble above.
While I certainly think that college still _can be_ a ticket into a middle class life in the U.S., that ticket is dramatically less certain and far riskier today (and for graduates over the past 20–30 years) than it was for Americans coming out of college in the 1960s, 1970s, and 1980s.
The key part here — which I’ll come back to further down this article — is that the risk of things turning out unhappily for you in a life-changing…
