Student-Loan Debt Is Crushing Millennials
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Student-Loan Debt Is Crushing Millennials
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Re: Student-Loan Debt Is Crushing Millennials
#2It'll be a good learning experience for the next generation.
Re: Student-Loan Debt Is Crushing Millennials
#3Often times when student loans come up people blame exclusively the borrower. We should keep in mind that in a properly functioning lending market both the borrower and lender take on risk. The lender should not left out of the equation on who to blame. Both parties are at fault. But we don’t have a properly function student loan industry. Lenders assume very little risk in this market but they should not be absolved of blame or have less outrage directed at them.
Re: Student-Loan Debt Is Crushing Millennials
#4Often times when student loans come up people blame exclusively the borrower. We should keep in mind that in a properly functioning lending market both the borrower and lender take on risk. The lender should not left out of the equation on who to blame. Both parties are at fault. But we don’t have a properly function student loan industry. Lenders assume very little risk in this market but they should not be absolved…
I agree. I feel like most of the problem would be solved by allowing student debt to be erased by declaring bankruptcy. It's absurd that isn't the case.
Re: Student-Loan Debt Is Crushing Millennials
#5Why do we encourage a group to vote who remind us daily about their inability to survey their options and make good decisions?
Re: Student-Loan Debt Is Crushing Millennials
#6There are just so many poor bastards that spent lots of money on useless degrees.
It is kind of a problem in the marriage market, because more women go to college and end up with massive college debt, which makes them financially unattractive.
Re: Student-Loan Debt Is Crushing Millennials
#7Often times when student loans come up people blame exclusively the borrower. We should keep in mind that in a properly functioning lending market both the borrower and lender take on risk. The lender should not left out of the equation on who to blame. Both parties are at fault. But we don’t have a properly function student loan industry. Lenders assume very little risk in this market but they should not be absolved…
I agree. I feel like most of the problem would be solved by allowing student debt to be erased by declaring bankruptcy. It's absurd that isn't the case.
What's absurd about that? The bank has no salvageable assets to claim. They can't claim 4 years of European Literature from your mind.
Re: Student-Loan Debt Is Crushing Millennials
#8Why do we encourage a group to vote who remind us daily about their inability to survey their options and make good decisions?
I agree. Why do we let the Boomers vote as they continue to drive us ever closer towards the deleterious effects of severe climate change?
Re: Student-Loan Debt Is Crushing Millennials
#9Why do we encourage a group to vote who remind us daily about their inability to survey their options and make good decisions?
To be fair, most people make the decision about where they go to school (and along with that, how much it costs) when they are barely adults and don't have a good grasp on finance. At least part of the blame falls on parents, and teachers who point them to expensive schools, and our culture which has praised expensive schools as a positive thing for a long time. I'm hoping the next generation will get better guidance.
Re: Student-Loan Debt Is Crushing Millennials
#10Often times when student loans come up people blame exclusively the borrower. We should keep in mind that in a properly functioning lending market both the borrower and lender take on risk. The lender should not left out of the equation on who to blame. Both parties are at fault. But we don’t have a properly function student loan industry. Lenders assume very little risk in this market but they should not be absolved…
"Both parties are at fault".
Or we can have a tuition-free public education system like we used to. But you know...