• finitebanjo@lemmy.world
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    1 month ago

    Republicans canceling student loans would almost be cool but they’d probably find a way to destroy universities in the process if they could

      • finitebanjo@lemmy.world
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        1 month ago

        That would indeed destroy them in the process.

        They sell the education, the loan is their payment. If the loan was rescinded out of the schools pockets it would instantly go bankrupt for offering services for negative income.

    • agamemnonymous@sh.itjust.works
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      1 month ago

      Probably wouldn’t do that, capitalists are heavily invested in Student Loan Asset-Backed Securities (SLABS), basically the same as '08’s famous Mortgage Backed Securities but backed by student loans instead of mortgages. Whatever they would do in regards to student loans would be much more malicious against those who owe them