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The student loan industry is rapacious and unethical. Would you feel comfortable selling someone an English or Communications degree for a $200K which will accr
by Kinnard 10y ago
The student loan industry is rapacious and unethical. Would you feel comfortable selling someone an English or Communications degree for a $200K which will accrue compounding interest?
Institutions that feel comfortable doing this are profiting from factories of debt-peonage. This includes both for-profit and non-profit institutions. They must be stopped.
Educational institutions are ostensibly founded on the magnanimous goal of educating people. If they must lend to be sustainable they should do so without charging interest.
And student loans should be disclosable in bankruptcy. If you're bankrupt, you're bankrupt!