• joatmasterofnone@lemmy.world
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    1 year ago
    1. Student loans through FAFSA are not and never were predatory. The real crime is they’re essentially the Kat Williams Bad Credit, No Credit, Unapproved Credit loans made real with no limits and no denials and so colleges, seeing free money (hey look, basically printing money for them, so Federal Reserve-like) jacked prices as high as they could.
    2. People should look at that cause and effect and realize that’s what forcing higher minimum wage does, handing out free money does, unilaterally absolving people of valid debt does, etc. Rather than demanding MORE money (because again, the only winner there is the tax man, every one else loses) they should be demanding answers for:
    3. Why have price of goods unnecessarily increased?
    4. Why has the purchasing power of the dollar gone to shit?
    5. Plot Twist: it’s government the whole way down.
    • NocturnalMorning@lemmy.world
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      1 year ago

      Student loans through FAFSA are not and never were predatory.

      You’re really gonna sit here and try to tell me that a loan for the cost of education being 3-4 times what it should be isn’t predatory? All the while force feeding the narrative to children that if they don’t go to college they can’t be productive members of society?

      • phillaholic@lemm.ee
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        1 year ago

        Glossing over the larger deal in that most people sign up for them as minors and they can’t be cleared through bankruptcy.