I've Paid $18,000 to a $24,000 Student Loan, and I Still Owe $24,000

Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by shams93 on Sunday May 20, 2018 @05:02AM (#17111904)

Its legalized extortion. In other countries healthcare and education are viewed as core to national security, in the US these become legal platforms for hardcore extortion of vulnerable people whether its the student desperate to move ahead or the person who needs to take out a second mortgage on their home to afford a copay.

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Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by talltimtom on Sunday May 20, 2018 @05:23AM (#17111971)

I live in a country with free healthcare and free education, people like the woman in the article aren’t better off here. They just take the same huge loans to buy, cars houses and generally live above their means for years until the debt comes crushing down.

The american education and health system needs reform desperately, but not because of financially irresponsible people can shoot themselves in the foot, that will always be the case unless you start completely dismantling the financial freedoms of the individual.

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Re:I've Paid $18,000 to a $24,000 Student Loan, and I Still ... by lurker456 on Sunday May 20, 2018 @10:01AM (#17112716)

I live in a country with free healthcare and education (well, nationalized) and we have much stronger protections against predatory lending. The problem with US student loans is that they can't be defaulted on.

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