Re:Student Debt Lawsuits Are a Lucrative Business
by baybal2 on Tuesday November 14, 2017 @10:17AM
(#15695702)
> At the end of the day, maybe giving an 18 year old 120k to study underwater basket weaving for 4 years is not the best investment of money?
Surely it isn't
If no major banks will give student loans, than it will be smaller, low tier loan sharks at higher rates.
As some states in US, and other countries do have some programs where the state is either the guarantor or a partial payer, that will make things worse for the taxpayers.
Invention of student loans has unleashed the genie from the bottle.
No way back, just as it was with state backed mortgages that did just 2 things: made buying houses for cash patently impossible for an average Joe, made an average Joe having to pay for foreclosures and mortgage interest of another average Joe with his tax money.
Surely it isn't
If no major banks will give student loans, than it will be smaller, low tier loan sharks at higher rates.
As some states in US, and other countries do have some programs where the state is either the guarantor or a partial payer, that will make things worse for the taxpayers.
Invention of student loans has unleashed the genie from the bottle.
No way back, just as it was with state backed mortgages that did just 2 things: made buying houses for cash patently impossible for an average Joe, made an average Joe having to pay for foreclosures and mortgage interest of another average Joe with his tax money.