Anyone who believes that is a fucking retard.
Anyone who believes that is a fucking retard.
I wouldn't mind if the government cancelled student loan debt for some people. Particularly lower income people.
I wouldn't mind if the government cancelled student loan debt for some people. Particularly lower income people.
The ultimate solution is making college costs reasonable. Students should not be graduating with a mortgage payment.
The ultimate solution is making college costs reasonable. Students should not be graduating with a mortgage payment.
Well when that kind of cashflow that these loans offer is available the colleges charge for the cashflow the students can afford.
You make it affordable by not subsidizing loans. Then students will only be able to afford practical classes (in cash flow terms) and so they won't take pointless classes and universities will cater to that. They'll ultimately spend less and have a better long term outlook and will have better educations.
Well when that kind of cashflow that these loans offer is available the colleges charge for the cashflow the students can afford.
You make it affordable by not subsidizing loans. Then students will only be able to afford practical classes (in cash flow terms) and so they won't take pointless classes and universities will cater to that. They'll ultimately spend less and have a better long term outlook and will have better educations.
You make it affordable by not subsidizing loans.
exactly
>You make it affordable by not subsidizing loans.
exactly
But that builds credit!
But that builds credit!
Of course he will.
Of course he will.
Honestly I wouldn't be against this.
If he actually did it, it would obliterate the current "education" system racket.
Honestly I wouldn't be against this.
If he actually did it, it would obliterate the current "education" system racket.
No because that money isn't owed to colleges, it is owed to the government (us) and banks (also us kinda). If it was the colleges getting stiffed, then I'd agree, fuck em.
No because that money isn't owed to colleges, it is owed to the government (us) and banks (also us kinda). If it was the colleges getting stiffed, then I'd agree, fuck em.
And the money isn’t spent entirely on education. Retarded people spend the money on apartment rentals, car payments, eating out all the time, drinking etc.
And the money isn’t spent entirely on education. Retarded people spend the money on apartment rentals, car payments, eating out all the time, drinking etc.
Truth
Truth
Exactly opposite. Students would start taking out bigger loans for school knowing they might be amnestied and the universities would be receiving all the cash.
Exactly opposite. Students would start taking out bigger loans for school knowing they might be amnestied and the universities would be receiving all the cash.
There was a funny post about this on /r/wallstreets bets where a user suggested taking out a loan to play the market.
There was a funny post about this on /r/wallstreets bets where a user suggested taking out a loan to play the market.
My point is that the shock to the banks/universities would be catastrophic if all that debt was canceled.
They'd have all this money loaned out to people and all the sudden it's basicaly all defaulted on.
It would likely bring about an even worse system than we already have, but at least it would throw the banks into chaos for awhile lol
My point is that the shock to the banks/universities would be catastrophic if all that debt was canceled.
They'd have all this money loaned out to people and all the sudden it's basicaly all defaulted on.
It would likely bring about an even worse system than we already have, but at least it would throw the banks into chaos for awhile lol
Universities don't loan out money. They would never be defaulted on.
Universities don't loan out money. They would never be defaulted on.
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