Biden overstepped his authority and SC stopped loan forgiveness

[SunsetBengal]

(06-30-2023, 06:40 PM)samhain Wrote: So, seriously, I think someone should propose a large scale return to debtors prisons.  These could be high speed options for debt payment based on labor worked by student borrowers.  They can exchange 2-3 years of freedom for a lifetime without debt.  They work 10-12 hour days for the state, live in cages and eat gruel.  Then it's done.  

I think if you had to explain this to a kid and his parents before getting them on a the hook for a loan, then it might carry more weight than some abstract amount of money that you don't have to pay until you are done with school.

Have you ever looked at how much it costs to keep an inmate incarcerated?  In 2015 it was $26,509 per inmate in Ohio.  Debtor's prisons make little economic sense as the public is still footing the bill, but hey "the jobs" it would create..

http://https://www.vera.org/publications/price-of-prisons-2015-state-spending-trends/price-of-prisons-2015-state-spending-trends/price-of-prisons-2015-state-spending-trends-prison-spending