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>college debt is going to crush the next generation I'm not really convinced. There's income-based repayment and other options for federal loans if you can't a
by jimmaswell 8y ago
>college debt is going to crush the next generation
I'm not really convinced. There's income-based repayment and other options for federal loans if you can't afford payments. You can even pay nothing for a while, and after that, income-based payments will be affordable even with a minimum wage job. All this assuming you couldn't find anything better with your degree.
- deleted 8y ago[deleted]
- jedberg 8y agoWhen you take advantage of those programs, the loan servicer doesn’t just say, “well looks like we’re gonna have to take less money on this one!” The government makes up the difference. They pay the part you’re not paying using tax dollars. How sustainable do you think those programs are when the majority of your working citizens need subsidy?
- GLjEI4YbnGD27LB 8y agoI mean, everyone should get subsidies so they can get Tulips. Tulips are necessary status symbol.
- jimmaswell 8y agoCompared to fully subsidized higher education, as is the norm in some other places, I don't think student loans ending up partially subsidized is inherently unsustainable.
- marricks 8y agoHow fucked up is it that our only tenable solution involves paying banks extra money through interest rather than just having the government pay it directly? It's more inefficient, but of course makes the banking lobby plenty happy...