Column: The student loan crisis that can’t be gotten rid of. You have probably mentally cataloged the student loan crisis alongside all the other looming trillion-dollar crises busy imperiling civilization but also enrich the already rich. (The views and opinions expressed here are the author’s own and not those of DPI.)
But it is different from those crises in a few significant ways, starting with the fact that the entire loan business is arguably unconstitutional. You don’t have to take it from me: A pre-eminent bankruptcy scholar made precisely this argument under oath before Congress. In December 1975, when Congress was debating the first law that made student loans non-dischargeable in bankruptcy, University of Connecticut law professor Philip Shuchman testified that students: Read More….. (click here).