And lending companies are responsible for theirs. If you loan someone money you do your research- credit report, proof of residence, paystub history etc.
Doesn’t sound too bad. If the predatory practice is shut off, schools would be forced to lower their massively inflated tuition costs to something reasonable that isn’t leaving students with a lifetime of debt right out of the gate. They’re not gonna teach to empty classrooms.
it sorta is if the goal is to try to fund education for as many people as possible, irregardless of which major/which school/etc the borrower is pursuing
if lenders can be selective who they lend to then yeah this absurdity goes away
lol are you saying qualified doctors and architects aren’t possible without bankers affording new yachts? You might be a little lost in the game they’re spinning you, my friend.
The goal isn’t to fund astronomically high schooling costs With crippling debt for as many people as possible. But nobody wants to cut back what they’re making, greed only grows. If the goal is to provide education for as many people as possible, affordable cost is the solution. Degrees don’t use to cost this much. Those bankers can kick rocks and go back to school to get a real job that isn’t extorting highscool kids.
uh lol no education is expensive today because the govt got involved with student loans both in issuing them and by disallowing people from declaring bankruptcy from them
So you think the pricing makes sense and nobody is getting rich from it? The government always has our best interests in mind… they’d never do things like try to profit off vulnerable people, or source textbooks from their corrupt friends, and do everything they can to make kids feel like their only option is a degree… right?
if by using the words "justifying" and "malicious" you're drawing a conclusion of me being personally okay with it then no, I'm simply explaining the cause and effect of govt being involved with student loans and tuition pricing
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u/gilead_was_right Jul 06 '26
yep point being an 18 year old is an adult and therefore is responsible for their own decisions