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18
thisguy883 18 points ago +18 / -0

Too greedy.

They know federal loans are backed by the government so they prey on young high school kids and tell them college is the only way they can make money.

So they get the degree, get 50k in debt, and work a job that barely covers rent and loan payments.

Colleges dont care because if you default on your loans, its backed by the federal government. So they still get their money and continue preying on the young.

10
CaliPede24601 10 points ago +10 / -0

Not to mention, if an individual declares bankruptcy, even if they didn’t earn a degree, they still have to pay their student loans! Total double standard.

4
NomadicKrow 4 points ago +4 / -0

That's Joe Biden's doing

1
1776-or-1984 1 point ago +1 / -0

Is it? How?

2
NomadicKrow 2 points ago +2 / -0

He wrote and sponsored the bill that made student loans federally secure. No matter how homeless or hungry you are, no matter how broke you are, Joe Biden made sure you'll never have the Government off your back.

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deleted 2 points ago +2 / -0