jcboy3 wrote:
The problem with student loans? First, students clearly don't have resources to repay the loan. The loan is given to help them get those resources. So it's less a loan than an investment (as most business loans are as well). Second, student loan relief through bankruptcy is an expensive process and is rarely successful. And third, these loans are targeted at young people along with promises that they will be able to repay them with jobs that likely are not available.
Given the state of the student loan situation, it appears to be both predatory and self-perpetuating. It is ruining many lives, and should be stopped. A more rational repayment scheme needs to be instituted, which caps repayment durations and amounts.
The problem with student loans? First, students c... (
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