Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by SoftTalker on Monday July 10, 2023 @03:06PM
(#36671386)
You're entirely right, but if I have $200K in debt for my useless undergrad degree, and I can only find a job at Starbucks, garnishment or not the bank is not getting their money back. The court will order some kind of payment, sure, but they'll prioritize me paying for rent and food.
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Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by bell-cot on Monday July 10, 2023 @03:44PM
(#36671923)
Hopefully for you the court's prioritizing will actually allow enough $$$ for your rent and food and medical expenses and transportation and clothing and etc. And adjust that when inflation hits the costs of those things.
Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by jrockway on Monday July 10, 2023 @06:10PM
(#36673707)
I agree with that. Having that money taken out of your paycheck just makes you extra miserable; you're in debt, you get yelled at for not making Karen's coffee right for 8 hours in a row, and you don't even have enough spending money to go see a movie or whatever. It's just miserable and I don't like it; if you have to take a shitty job to feed yourself, you shouldn't have to live a completely miserable life 24/7. That just doesn't seem right to me.
Re:Tuition costs have risen 710% since 1983 (1200% since 198...
by imtringued on Tuesday July 11, 2023 @11:55AM
(#36682814)
As I have written in another comment. This scheme only works if the college is owned by the bank and the college is spending a tiny fraction of the tuition on the student.