Re:Federal Reserve slashes interest rates to zero
by legolas2412 on Monday March 16, 2020 @02:15AM
(#22590454)
Every loan company has a risk profile. It is completely fair for some companies to give high risk loans at high interest rates. What is stupid is the usa government not subsidizing education, but making loans backed by the government and then making them non defaultable.
> They had more years working, with better pay, and without loan interest - they got nothing for their decision! Certainly not a piece of paper that entitles the holder to work in a job unrelated to their studies and without any useful pay bump.
Not sure what you're talking about here. People who gave up on college gave up on in demand skills, higher future income, and got more stressful and demanding jobs.
All finance is done, of course, with pure equality!
The people who didn't take student loans haven't had to live with them. They had more years working, with better pay, and without loan interest - they got nothing for their decision! Certainly not a piece of paper that entitles the holder to work in a job unrelated to their studies and without any useful pay bump.