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by sushid
1119 days ago
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This is not about your local elementary/middle/high schools, this is about higher education and their costs for both private/public universities. These costs have been increasing YoY at a much higher rate than inflation and for what? More administrators? More useless degrees? The entire premise of student loans is everyone is eligible for them, regardless of their potential future financial ability to pay them off. They're also not ever allowed to default on these loans. These loans should be dictated by the free market for a multitude of reasons. One, it prevents the sociology student from incurring a 200k student debt that they'll not be able to repay because loan issuers will in fact realize that these students will never repay these bills. Two, if students cannot afford these outrageous loans, they'll have to cut back on their overpriced degree fees. |
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It is a crime and tragedy that education needs loans at all. Students are not for your personal profit.