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A comment on More than 1M fewer students are in college, the lowest numbers in 50 years. Parent comment

Re:More than 1M fewer students are in college, the lowest nu... by vorpalhex on Thursday January 13, 2022 @11:32AM (#29922699)
"Below $50,000". And student loans have low rates unless you go private. Of course, who is more likely to need private loans they may not be able to pay? Probably not the trust fund kids.
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Re:More than 1M fewer students are in college, the lowest nu... by giaour on Thursday January 13, 2022 @11:53AM (#29923078)
"Low rates" here meaning 8%?! It's lower than credit card APR, but would you take a large installment loan at that rate?

The interest rate especially shocking when you consider that interest is supposed to pay for the creditor taking on the risk of default, which is almost impossible with student loans.

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Re:More than 1M fewer students are in college, the lowest nu... by swagasaurus-rex on Thursday January 13, 2022 @12:21PM (#29923563)
You hit on a key point. Lender sees non-dischargeable loans as FREE MONEY.

They're pushing these onto kids who are barely adults because its FREE MONEY to them.

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Re:More than 1M fewer students are in college, the lowest nu... by selectodude on Thursday January 13, 2022 @11:45AM (#29922937)
Federal loan maximums for dependent students is $31,000. Huge numbers of students need to dip into the private loan kitty and get fucked.
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