I was talking to a lady that had somehow gotten into $500,000 of student loans for herself, her ex husband, and their son. And the payments are about to resume.

[–] DragonTypeWyvern@literature.cafe 54 points 1 year ago (1 children)

Don't worry, lenders must assume some risk, that's why we use bankruptcy -

Oh, right.

[–] collegefurtrader@discuss.tchncs.de 23 points 1 year ago (1 children)

If the 18 year old borrower assumes all the risk for life, then the interest rate must be zero, right?

[–] DragonTypeWyvern@literature.cafe 18 points 1 year ago (1 children)

I mean, it'd be ludicrous to do anything else, since education is demonstrably a net economic and societal gain.

What kind of monstrous system would try to debt trap college students?

[–] collegefurtrader@discuss.tchncs.de 15 points 1 year ago

Right, that would be absurd