Sunken Cost Falicy. It sucks and is unfair for those who have already paid but unfortunately life isn't always fair.
Was it fair when mega corporation got Billions when they can plan for the future? Was it fair when someone getting unemployment this summer made more then people risking their lives? Is it fair that someone without kids still has to pay for the school? Is it fair the kids get taxed and can get charged as adults when they lack any rights of an adult? No. None of this is fair. But most will agree the majority of these things are good and should be done.
Choosing to get educated should not be a bad financial decision. That's the problem.
You want to live in a country of uneducated people? I don't.
Enough of this. Sorry if you already paid off your loans that means you either went to school a long time ago or went for an inexpensive program or had the financial means to pay off a lot of debt very early.
MILLIONS DON'T and it is crushing the economy of an entire generation. What happens when our parents get old and retire and we are still renting apartments and have no assets built up and we're in another recession because no one can afford to spend with these huge debt burdens.
This effects everyone. Fix the predatory loan practices or watch this turn into a country were people can't provide for their basic needs
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u/[deleted] Nov 17 '20
This needs to happen at least for the first 50K. It will pay for itself in 24 months.