4 ms·

I wonder if these news stories intentionally pick weak examples of people to highlight. 20k and 30k debt, for communications and history degree, so now you hav

• gk1 8y ago
  The people who bought homes in 2000’s that they couldn’t afford were acting irrationally, too. It’s easy to dismiss this and think “wow these people are dumb, serves them right...” (my first reaction), but then I think: wait, these are just a few examples they found who are willing to share their story. How many people are out there defaulting on their loans that we don’t know about?
  • foobarian 8y ago
    Why do you say they were acting irrationally? They were broke and they saw they could still live in a 1/2M house--sounds pretty rational to me, especially if you can just drop the debt via bankruptcy. With colleges, there is a nasty effect that student loans are inflating tuition prices and punishing the financially responsible people who save money for tuition. It's almost more rational to make sure to have no savings and benefit from the free government money.
• sct202 8y ago
  Yeah you get more outrage shares and clicks with victims that are stereotypes and do outrageous things.