Sorry, but that logic doesn't work after the 2008 rolling bailouts. It never actually worked, but especially now. Also, students don't get bankruptcy protection, which is another check on predatory lending that was removed specifically to inflate this bubble. Nobody should pay their loans if they can get away with it. Period. It's the only way to stop the cycle of predatory lending and fraudulent price inflation of what should be treated as a right for all.
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