3 ms·
Zero risk isn’t zero cost. Banks pay interest to depositors, pay for loan servicing, have staff and marketing costs, etc. 0% would just be another handout to t
by valuearb 6y ago
Zero risk isn’t zero cost. Banks pay interest to depositors, pay for loan servicing, have staff and marketing costs, etc.
0% would just be another handout to those least entitled to deserve one. The average college graduate will make roughly double the lifetime earnings of a high school graduate. Why should high school graduates pay more in taxes to make college loans cheaper for their bosses?
- jdmoreira 6y agoThe college graduate will pay at least double in taxes. Will hopefully also deliver more in terms of innovation a competitiveness. It could be easily seen as an incentive.
- valuearb 6y agoThe college graduate only pays more in taxes because they make immensely more. If your wages were doubled, would you complain about paying a quarter of the new earnings in taxes? They will contribute innovation regardless, why should they be allowed to foist their education costs on their subordinates?