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A comment on Billionaire Robert F. Smith pledges to pay Morehouse 2019 grads’ student loans. Parent comment

Re:Billionaire Robert F. Smith pledges to pay Morehouse 2019... by maxerickson on Monday May 20, 2019 @07:49AM (#19959445)
Sure, I think huge student loans are bad for society, I was just wondering what your reasoning was, and I'm obnoxious enough to prod you to make the case that a $30,000 obligation is materially different.
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Re:Billionaire Robert F. Smith pledges to pay Morehouse 2019... by austenallred on Monday May 20, 2019 @08:47AM (#19959793)
It’s only a $30,000 obligation if you’re making more than ~$90,000/year, and there’s no interest attached.

A non-trivial number of those students would never make enough to pay off the loans. Ever. That’s not an exaggeration and happens in more than 50% of cases at expensive HBCs.

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