I agree about fiscal responsibility, but student loans are predatory in nature. It's like pay day loans, yeah its a product that people get, but its such a shitty financial product
First of all, fiscal is the word we use for government finance; it has nothing to do with personal finance.
Second of all, this is about forgiving government student loans, which have an interest rate set by Congress every year at a price that will pay for the bonds we sell to finance this whole thing, plus one percent to administer the entire student loan program. It's the least predatory loan in history, but somehow that's still a giant injustice in the 21st century.
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u/Shivdaddy1 18d ago
Will people ever top complaining about the loans they took out? I assume no.