What is this horseshit? Almost $2k in interest this year and it will not even let me throw money against the principal.
You can take the money you’d pay off and invest it instead, as a hedge.
Im not saying its ideal, but its a little better than nothing.
It’s predatory to allow teens to sign these things without fully explaining them and ensuring they understand.
It’s not taught at all in grade school, no one tells them about interest rates, or amortization tables or how to pay extra toward the principal, or that their wages will be garnished if they don’t pay, or if they get married, then their spouse’s wages might be garnished without warning, and so on… It’s just, “sign here, and we’ll give you the money.”
No it’s just predatory. As long as students believe college is essential and that is the only way to get it, the loans are predatory. It doesn’t help teens to understand if they don’t have a choice.
As someone who cares about my society, I believe it is essential for all students to have access to post-high school education, and as more than just job training. We need more people who can think better …. It’s in our own best interest to invest in our future: let’s make public universities/trade schools free to all who are interested
It’s actually just scummy and predatory period. Student loans shouldn’t be a thing. Imagine wanting to devote your life to helping people, becoming a doctor in a country that has a terrible shortage of doctors (And it very much does)But oh no! some crazy shit happens, and you’re not able to complete your degree. Guess what? Big government says “fuck you. How dare you have some crazy bullshit happen to you? You’re entire financial future is fucked up for your whole life now. Goodbye.”
How in the fuck can a better educated people be worse for society? How in the fuck could you ever make the case that it’s bad to have more people trained in medicine? Why would you ever punish and disincentivize behavior that’s good for society?? How in the ever loving fuck does that make sense??
FUCK THIS COUNTRY
We 100% did learn about amortization in high school math, no idea if it’s still taught though
