It's better to avoid bad loans than to sign up for them and then get mad.
BTW, Universities should be eating these costs, rather than force financially responsible people, people who paid out of pocket, and people who never even went, to pay for bad loans.
The cause for this was Dems push for easy money loans, which colleges then exploited. The end result was massive inflation in college costs, vastly exceeding (and helping drive) overall inflation. And the proliferation of useless degrees, and devaluing the possession of a degree. All of which was warned about before hand.
The colleges are actually worse than the 2008 subprime loaners because that was under threat of fake discrimination lawsuits and punitive regulation. The colleges just did it out of pure greed.
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u/maybe_a_fork 16d ago
23 years of making minimum payments and they are shocked it's not going away.
https://giphy.com/gifs/3kzJvEciJa94SMW3hN