4 ms·
Seems highly entitled and irresponsible. Sure, student loans have become somewhat predatory, but sticking honest, hardworking taxpayers with debt you acquired t
by 0xbadc0de5 2y ago
Seems highly entitled and irresponsible. Sure, student loans have become somewhat predatory, but sticking honest, hardworking taxpayers with debt you acquired through poor decisions and planning doesn't feel like the right way to remedy the situation.
- mmaniac 2y agoPeople will respond to the incentives that are given to them, regardless of ethics. The question is, what system would avoid this perverse incentive? A graduate tax would have the same problem. Free tuition shifts the burden to every taxpayer unfairly. Maybe another repayment scheme, but that would disproportionately harm poorer students. To tell you the truth, I'm not sure what tools a creditor has to pursue a debtor who has left the country in general...
- pavel_lishin 2y ago> sticking honest, hardworking taxpayers with debt I raised my eyebrow at this for a second, so to save someone else the Google search: the Student Loan Company isn't a private corporation, but rather a UK government organization: https://www.gov.uk/government/organisations/student-loans-company https://www.gov.uk/government/organisations/student-loans-co...
- snapplebobapple 2y agoIts not really that relevant because most places that have private student loans also have government gaurantees on the loans. Government will eat it one way or tge other which means you and i will eventually eat it