News for hackers. Stuff that matters.
Re:AMA with Barack Obama by SilasX on Thursday August 30, 2012 @02:19AM (#4453282)
Sure, and the "woe is me" rate is estimated between 0% and "why don't you fire up that bong again" -- much lower than that of the (formerly) wealthy students that gambled on an expensive education.
Re:AMA with Barack Obama by pjscott on Thursday August 30, 2012 @02:27AM (#4453305)
The difference is who takes on the risk. With startup investment, the investors risk their money, and if the company dies, the investors take that loss. They do this because they can make a lot of money from the startups that make it big. With student loans, the risk lies with the student.
Re:AMA with Barack Obama by 13rules on Thursday August 30, 2012 @12:01PM (#4455238)
With the number of government-backed education loans that are defaulted on, you could also say the risk lies with the taxpayers.