3 ms·
Who is going to lend tens of thousands of dollars to an 18 year old with no income, no assets, and no credit? So, just to be clear 18 year olds getting tens of
by Goronmon 8y ago
Who is going to lend tens of thousands of dollars to an 18 year old with no income, no assets, and no credit?
So, just to be clear 18 year olds getting tens of thousands in dischargeable loans is ridiculous, but 18 year olds getting tens of thousands in non-dischargeable loans makes total sense?
I mean, I understand why if you are a person making money off student loans, the latter is a great situation to have. But for anyone else, I'm not sure I agree that it's something we should fight for.
- mrguyorama 8y agoI think you're missing the point. I believe they intend to mean that we should fix this problem without irreparably screwing over an entire generation of potential college students
- ryandrake 8y agoI think the system is already screwing over an entire generation of college students, so too late for that one.
- RestlessMind 8y ago> I mean, I understand why if you are a person making money off student loans, the latter is a great situation to have. But for anyone else, I'm not sure I agree that it's something we should fight for. But when a student needs a loan to pay for their education, the person lending money is more important than everyone else. If you are not going to incentivize lending money for college debt and instead going to add risks (of not getting paid back because discharging loans is now easy), then you will have less loans in the first place.
- dragonwriter 8y ago> But when a student needs a loan to pay for their education When a student needs money to pay for their education, why are we extending loans rather than need-based grants?