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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is so freaking sad. All the compiling interest on these fed loans should be wiped at the very least. This is disgusting and predatory on low and middle class born kids.

[twitter]https://twitter.com/I_am_Just_Blunt/status/1559620331924504578[/twitter][/quote]

How is predatory?  All these people ignored the interest rate they were borrowing at when they took out the loans? [/quote]

Debt servitude, debt bondage. Media, school leaders, family, society, and economic pressure forces teens to essentially sign for a mortgage after they just got done half-a** reading Huckleberry Finn. The avg American 12th grader is years below grade level, that makes it predatory. The system makes low and middle class teens debt slaves, so UMC and rich peers can soar past them. It's a predatory con fueling unprecedented levels of inequality.

To be clear, I am largely speaking on undergraduate debt. I personally have little sympathy for 20-something, grown a**, college-credentialed adults who sign for $50k-$300k+ in graduate and professional school loans. The only courtesy I would give grad and prof school fed loans is removing the interest.[/quote]

BS. Only a third of Americans graduate college and they’re far more privileged than the other two thirds who entered the trades, joined the military or pursued some other profession. Nobody forced these people to take loans and they have nobody to blame but themselves. If I hear another millennial whining about not getting their preferred job because they decided to manor in gender studies from some third tier school my head will explode. Don’t paint these people as victims because they have agency and orchestrated their own disaster. Plus the majority of student loan debt is low interest….nothing like usurious credit card debt that uncle Joe has been supporting his entire career.[/quote]

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