3 ms·
I don’t understand why there isn’t something more of a middle path discussed. Limit the amount of interest that can earned by creditors maybe. I do find it unet
by isoskeles 8y ago
I don’t understand why there isn’t something more of a middle path discussed. Limit the amount of interest that can earned by creditors maybe. I do find it unethical and strange that we allow 18-year-olds to take out crippling debts, and I find it predatory that anyone can profit off of this.
However, canceling all the debt messages a big “screw you” to anyone who made the sober decision of not going to a more expensive school (or not going at all). Sorry to say, I think it’s unfair given this is the system we have and we can’t go back in time and undo poor decisions.
- maps 8y agoThere is a middle ground, it is rolling back the bankruptcy exceptions. If the burden is too high, let these people bankrupt out of them with the cost of having your credit/name tainted for years. Bankruptcy seems to be a 4 letter word no one dares speak anymore but it is the root of the issue here.
- blake_himself 8y agoRight - it should be harder to get money for less-productive specialty degrees in the humanities. Creditors would have to decide whether to risk their money, and become gatekeepers.