This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn’t mean they couldn’t get an education.
Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.
Yes, I’m quite aware of that but you said “banks and credit card companies” so I also included, well, credit card companies.
The article points out that all of those paperwork incorporations of companies that are nominally based in Delaware don’t equate to that many jobs because the companies are actually based elsewhere. Delaware is a bit player in the banking industry.
Anyway, this is veering way off topic. The point is that Biden did not make student loans bankruptcy-proof. You can’t attribute bipartisan legislation to a single non-sponsor, minority-party member who happened to vote for it. I don’t care if he changed his middle name to “I love big banks.” The original statement was still ridiculous.