pdhot65ton said:
"Student loans in the US-little to no approval process... they just give it. High interest rates. Refuse to settle, can't be discharged in bankruptcy. They follow people well into their 40's, limiting their buying power for houses, cars, other stuff. 17-18 year olds have no idea what they are signing because we conveniently provide them no education on the process up until they have to decide whether to sign or not."
"Student loans in the US-little to no approval process... they just give it. High interest rates. Refuse to settle, can't be discharged in bankruptcy. They follow people well into their 40's, limiting their buying power for houses, cars, other stuff. 17-18 year olds have no idea what they are signing because we conveniently provide them no education on the process up until they have to decide whether to sign or not."
ObservantSpacePig replied:
"This also gives colleges no incentive to charge reasonable tuition costs."
"This also gives colleges no incentive to charge reasonable tuition costs."