cross-posted from: https://lemmy.ml/post/21841560
this post was submitted on 27 Oct 2024
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But as you pointed out above, children were (and are) being pushed into colleges whether it’s right for them or not. Hugh schools are measured by college admissions rates of their students, and so are pushing kids into this debt without any real voice on the other side telling the students they have other options.
Colleges are pushing new students towards financial aid without spelling out the true costs of those loans. All of this to people who often have almost no financial literacy or experience to understand the impacts. They are exactly like the soldiers you just mentioned. So by all means student debt is predatory.
Its clear you are not open to considering some debts as beneficial to discharge, so I won’t waste the time explaining the vast net benefits of infusing our younger and middle aged generation with cash flow that they would by every measure largely reinvest in their communities, making everyone better off. But can we at least agree that student debt is at least as predatory as shitty car loans to young enlisted recruits near bases?