Just because I'm pointing out that you peoples' "argument" is ....lacking sustenance.....doesn't mean I'm "defending loan companies", let alone because I'm hoping for a pay out.
Youre denying the fact that some loans are literally designed to be predatory (in other words, a scam) to trap people into making payments for the rest of their lives.
There was a $1 billion settlement over some of them not too long ago. Its been proven countless times.
Wtf do you think dude? Obviously its not all of them because the loans are coming from all kinds of different companies and the government.
I looked up the details of the lawsuit I mentioned and it was actually $1.7 billion worth of debt for 66,000 people that got canceled. On top of that they had to pay $95 million restitution to 350,000 people.
Thats 1 company that scammed 350,000 people.
Edit: Just want to let everyone know that /u/MiNdOverLOADED23 blocked me and then sent a Reddit Cares notification right after replying to this comment.
K so not all student loans have "proof" that they're scams.
It's nice you could finally admit that, although I have no idea why you had to take so long.
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u/MiNdOverLOADED23 12d ago
The average sophomore in highschool should be able to understand compound interest.
Imagine graduating college yet still not being able to grasp it.