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Exactly. The psychological fallout will be immense if an entire generation who have had their lives destroyed by and are still on the hook for these loans sees
by brandonmenc 5y ago
Exactly.
The psychological fallout will be immense if an entire generation who have had their lives destroyed by and are still on the hook for these loans sees everyone else go to school for free, relatively or in fact.
- JKCalhoun 5y agoMy (grand?)parent's generation had the G.I. Bill. Sadly I had to pay my own way through college (and pay back the loans). I am not sure there is any psychological fallout I am suffering. In fact, I feel I had it easy — going to college in the 80's — I have no idea how this current generation can afford it. Nonetheless, skimming the Wikipedia article, seems the G.I. Bill may have greatly benefited the country. https://en.wikipedia.org/wiki/G.I._Bill https://en.wikipedia.org/wiki/G.I._Bill
- brandonmenc 5y agoThis example is imo not relevant because the G.I. Bill wasn’t “free” or universally offered (recipients had to fight in the war), the order is reversed (I’m talking specifically about an older generation in debt seeing the following generation get to go debt-free), and the amount of debt someone who attended college in the 80s accumulated is far less than that of someone who attended in the past decade or two. > Sadly I had to pay my own way through college Without qualifiers, there’s nothing inherently wrong with this. It becomes wrong when “pay my own way” means “convinced when I was still a child by all the adults around me to take out a predatory loan I have no hope of ever repaying.”
- bredren 5y ago> lives destroyed Hyperbole to sell austerity