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.
Comment on xkcd #3148: 100% All Achievements
Hamartiogonic@sopuli.xyz 2 days agoBut wouldn’t that mean you end up with as much debt as a small country?
grahamja@reddthat.com 2 days ago
Hamartiogonic@sopuli.xyz 2 days ago
That’s how you play the game!
thevoidzero@lemmy.world 2 days 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 2 days 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 1 day ago
War against education
HeyThisIsntTheYMCA@lemmy.world 2 days ago
and don’t forget, without cosigners the debt dies with you