[InvisibleCities]

>Making 5% profit on "obscene"ly risky loans isn't the cause of the US's student debt problem. This just sounds like populism and pandering.

Student loans are federally guaranteed (i.e. if the student cannot repay the loan, the federal government will), so they aren't risky at all; the bank is getting its money either way. If you're going to shill for the banking industry, you're going to need to try harder than that.

[jtome]

Um...what?

I had said that it isn't obscene for the federal government to make 50 billion dollars a year off a much larger amount of very risky loans that it bears almost all the risk for, and you accuse me of "shilling for the banking industry".

I think it is you who needs to try harder.

EDIT: changed all to almost all, since not all loans are federally guarenteed as warrenm points out

[warrenm]

some student loans are federally-guaranteed, not all (though, perhaps, most)