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A comment on Americans Are Paying $38 to Collect $1 of Student Debt.

Re:Americans Are Paying $38 to Collect $1 of Student Debt by noobermin on Friday May 19, 2017 @09:17PM (#14380495)
"I don't see how anyone wins from this system other than the collection industry," said Adam S. Minsky, a Boston-based lawyer who represents student debtors.

The thing is, that's precisely the point of the system. The same can be said of health insurance. It isn't to service debt, it is to prop up an industry that has grown around servicing that debt.

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Re:Americans Are Paying $38 to Collect $1 of Student Debt by BallinBige on Friday May 19, 2017 @10:31PM (#14380753)
how spicy... the government is trying to collect money when they are so far in debt. It is time to get honest about the cost of education and healthcare.
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Re:Americans Are Paying $38 to Collect $1 of Student Debt by mythrwy on Friday May 19, 2017 @09:47PM (#14380604)
The collection industry. And presumably Mr. Minsky.
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Re:Americans Are Paying $38 to Collect $1 of Student Debt by ReligiousFlames on Friday May 19, 2017 @10:32PM (#14380757)
Plus, de Vos.
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