Comment on xkcd #3148: 100% All Achievements
grahamja@reddthat.com 3 weeks agoI had a friend who worked at a call center to harass people about student loans. They said that one the job was great because one they learned about loop holes to defer loans for as long as possible, and two they had found out about professional students that just kept going to school and didnt have to pay their loans because they would just stay another semester and live off the college loans. If you are in the US, a single person, and were never going to save for retirement anyways… it was doable 15 years ago.
Hamartiogonic@sopuli.xyz 3 weeks ago
But wouldn’t that mean you end up with as much debt as a small country?
thevoidzero@lemmy.world 3 weeks ago
Minimum payment is dependent on your salary and you can die with debt.
Making education free would have been way better that making college expensive and then providing loans.
Hamartiogonic@sopuli.xyz 3 weeks ago
Can confirm. For example, Egypt made university education free (or very cheap) for all Egyptians. Nowadays, they are pumping out countless medical doctors who get employed all across the Middle East. Probably not the highest quality medical care, but it’s still better than nothing.
Now that I think of it, many countries offer free or very affordable university education for their citizens. What’s wrong with America? Even poor African countries make education accessible.
thevoidzero@lemmy.world 3 weeks ago
War against education
HeyThisIsntTheYMCA@lemmy.world 3 weeks ago
and don’t forget, without cosigners the debt dies with you
grahamja@reddthat.com 3 weeks ago
There was no exit plan, the individuals just kept racking up college debt. Debt collectors cannot come to collect the debt if you are still in college, and the college doesn’t care they are still getting the loan money. They were professional students and they “beat” the system.
Hamartiogonic@sopuli.xyz 3 weeks ago
That’s how you play the game!