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> primarily targeted at an audience that is 16-18 years old Citation needed. I’d be shocked if the large majority of people taking out student loans aren’t ove

> primarily targeted at an audience that is 16-18 years old Citation needed. I’d be shocked if the large majority of people taking out student loans aren’t over 18. And even if they are 18 when they take out their first one, they’re well over that as they continue to take them out for years. That isn’t to say they aren’t predatory. But you don’t need to fudge the numbers to make your point seem stronger. On another note, if anyone should be answering for these predatory practices it’s universities, not tax payers. They abuse the fact that student loans are government assured by upping tuition to absurd rates. Fuck them and their greed. Punish them for it, not everyone. I made it through college by going to a cheap university and working. My degree doesn’t carry the weight of someone who went to an absurdly expensive school, even if we got the same degree. Now I’m expected to pay for their degree after already paying for mine? Fuck that.

Eji1700 2y ago
> They abuse the fact that student loans are government assured by upping tuition to absurd rates. This is basic market economics and something that everyone predicted would happen. If you think that somehow colleges are going to be the moral exception then I'm sorry it's just not happening. This is squarely on the government for making student loan debt impossible to get out of. Its caused a gross cycle of stupid practices and serves absolutely no good.
- firesteelrain 2y ago
  My original point was that you took the debt you should pay it back. Especially when it comes to taxpayer funded or backed loans. This isn’t like a house where it depreciates and some value can be extracted through a foreclosure or short sale. It a full or partial education that has intrinsic value. The only recourse is to force repayment.
  - Eji1700 2y ago
    There are plenty of loans where the original principal is never recovered to any reasonable amount and the vast majority of the loan is forgiven. It's literally how debt collection works, mostly attempting to get SOMETHING from the original debtor. Forcing full repayment is absurd, and known to be by just about every reasonable person who's looked into the economics of loans. We figured out debtors prisons were also stupid a long time ago. There's plenty of alternative measures, and the whole reason things like bankruptcy exists is because we recognize it's better than financially nuking someone. Or do you think we should also make medical debt unforgivable since you can't rip the kidney back out?

Eji1700 2y ago

> They abuse the fact that student loans are government assured by upping tuition to absurd rates. This is basic market economics and something that everyone predicted would happen. If you think that somehow colleges are going to be the moral exception then I'm sorry it's just not happening. This is squarely on the government for making student loan debt impossible to get out of. Its caused a gross cycle of stupid practices and serves absolutely no good.

firesteelrain 2y ago
My original point was that you took the debt you should pay it back. Especially when it comes to taxpayer funded or backed loans. This isn’t like a house where it depreciates and some value can be extracted through a foreclosure or short sale. It a full or partial education that has intrinsic value. The only recourse is to force repayment.
- Eji1700 2y ago
  There are plenty of loans where the original principal is never recovered to any reasonable amount and the vast majority of the loan is forgiven. It's literally how debt collection works, mostly attempting to get SOMETHING from the original debtor. Forcing full repayment is absurd, and known to be by just about every reasonable person who's looked into the economics of loans. We figured out debtors prisons were also stupid a long time ago. There's plenty of alternative measures, and the whole reason things like bankruptcy exists is because we recognize it's better than financially nuking someone. Or do you think we should also make medical debt unforgivable since you can't rip the kidney back out?