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Predatory lenders? Biden’s plan largely targeted federal loans. That shit was pretty regulated and had very low interest rates. A pay day loan it was not.
Very low interest rates, yet nobody can pay them off.
Well, consider that we also live in a world where American school districts, in major metro areas, are literally opening up low income housing dorms for teachers, so teachers can afford to subsist on a teacher’s salary.
Low interest doesn’t mean much when you can’t even pay your rent with a job that requires a college education.
Honestly, teachers are a bad comparison when it comes to the student loans debate.
A lot of districts/states/townships have programs that forgive loans for teachers after a predetermined amount of time serving a public school.
You can use the loan to get a bs degree. If you're in 100k in debt for a degree that gets you 55k a year job you fucked up. The lenders world normally factor that in but if it's backed by the government then free money.
True. You can get a loan to get a bachelors of science