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> When she had $67000 she decided to take another $24000 loan? With a variable interest rate? In the year 2010, 2 years after the financial crisis of 2008 she d
by staticassertion 8y ago
> When she had $67000 she decided to take another $24000 loan? With a variable interest rate? In the year 2010, 2 years after the financial crisis of 2008 she didn't understand how a variable interest rate was disastrous?
They're students... of course they don't? Lots of adults don't even understand things like this.
And I don't see how you're arguing for public universities as if they're the obvious, common sense solution, when private universities are an extremely popular option (and really, more often the 'default' for a lot of people).
- patcheudor 8y agoKeep in mind, the 2008 financial crisis happened because a tipping-point number of people didn't understand how variable interest rates worked & after that crisis, we did exactly nothing in our public education system to explain how they worked. It's not like 2008 happened and everyone had an epiphany. The predatory loan practices simply continued in the student loan space.
- deleted 8y ago[deleted]