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> I know people who took 30k loans without needing them just to pay for a new car, new computer and other non-necessities. It's interesting that you know multi
by notacoward 7y ago
> I know people who took 30k loans without needing them just to pay for a new car, new computer and other non-necessities.
It's interesting that you know multiple such people, but what matters is the statistical reality. Do such "frivolous" loan-takers represent anything even remotely approaching a majority of all who have loans, to justify a sweeping generalization or affect policy?
- cyrksoft 7y agoI never said everybody or a majority of people did that. I just wanted to point out that those cases existed. 83% of student loan debts are lower than 50k. I don't see a problem there. If you made a bad career decision or decided to go to a more expensive college it's your burden to carry.