3 ms·
They tried to use a solution that was better than traditional loans in some ways (don't have to pay it until/unless you get a job) and just as bad in some ways
by cactus2093 5y ago
They tried to use a solution that was better than traditional loans in some ways (don't have to pay it until/unless you get a job) and just as bad in some ways (not dischargeable in bankruptcy). That's still clearly a better option overall for a lot of people. Now after this settlement, it's an even better option since they have removed the bankruptcy clause. It is bizarre to spin this that "they were doing bad things" beforehand.