This is incorrect. It is not
likely for healthcare providers due to the income and the repayment options. You would need to file Chapter 7 or Chapter 13 bankruptcy. Additionally, you would need to file for an adversary proceeding in a separate court where the determination would be made whether your federal student loans would be discharged or not. Based on the income of healthcare providers, it would likely get disapproved. But to say that bankruptcy as a means to have loans discharged is simply illegal is not correct.
Source:
Discharge in Bankruptcy
Quite the assumption. Your assumption regarding my generation holds no basis.
This is not correct. Based on what you're saying, they would not be on a standard repayment plan. Loans get discharged after 20-25 years depending on which plan one chooses. Of course they would be liable for that tax bomb at discharge, but that liability can also be spread out over a number of years. It's more manageable this way.
This is incorrect. If these people you know have already begun making 120 required eligible payments under PSLF, it would not be axed. If PSLF is removed, it would be for new borrowers, which is not the case you are talking about.
I never said cost of living is driving up costs. I said the student would have a higher loan balance because their cost of living was higher. It is much more expensive to live in these metropolitan areas than in places such as flyover states.
I never mentioned inflation. Not once.
That's not how this works. That's not how any of this works.
It's simple supply and demand. If there is an oversupply of dentists that are competing, it drives prices down not up. That's why reimbursement rates are lower in areas of saturation.
Fortunately, there is not an oversupply of dentists. The issue lies in the distribution of dentists. There are plenty of areas where they would do well financially. But if they make the choice not to relocate to those areas, then there is no sympathy. Dentistry has many many options to do well financially, and it's up to the individual to make those informed decisions. Cost of dental tuition is not to blame for a dentist who fails to do proper market analysis before hanging up their shingle.
Rude
Rude
Incentivizing? Really?
Like I said, there are many options to make a good living in the field. Engaging in illegal is definitely an option, but as we both know, it's wrong. It's a personal choice that clinician makes, and no one held a gun to their heads to do it. If they decide to make as much money as possible in the shortest amount of time by committing malpractice and fraud, it's on them and not on anyone else. This is why malpractice law and licensing boards exist.
Another assumption about me. Just because I disagree with much of what you have to say does not mean that I'm employed by a school and defending them. I do not work for any school and I have no problems with what I see in the mirror.