ItsOnlyaFewBucks t1_j8fq6xa wrote
it is unshakeable debt. So every lender in the world wants in. Plus every corporation in the world dreams of life long wage slaves. And they get them drowning in debt even before they enter the working world. If that is not porn for an economist or CEO I don't know what is.
mushpuppy t1_j8ftkdn wrote
It's a great system. For the schools and the lenders.
Not so much for the borrowers.
tizuby t1_j8gcvfe wrote
Not as unshakable as one might think for private student loans. Granted that'll need some years to propagate to the rest of the district courts.
Federal student loans are owed to the government itself and handled via private/public sector servicers, banks aren't chomping for those though since there's no real in for them to begin with.
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