On #2, it's important to remember that high school gradutes

On #2, it's important to remember that high school gradutes
by Tex Francisco (2024-02-23 10:39:50)

In reply to: I missed all the fun posted by El Kabong

going to 4 year colleges are not the only borrowers, and borrowers who complete their 4-year degrees are actually a relatively small minority of defaulters. I don't think you can assume that the experience of your children, at their presumably affluent high school, is indicative of most borrowers.

Replies:

The "affluence" of the HS doesn't matter - El Kabong 2024-02-23 10:44:06
- I say, let em crash - ravenium 2024-02-23 12:17:39
- I get the idea in theory but years in banking tell me that - wpkirish 2024-02-23 11:08:29
  - So, because we have a financially illiterate population, - catripledomer 2024-02-23 11:15:47
    - Let them declare bankruptcy at least - czeche 2024-02-23 11:44:27
      - If we go this direction, then we need to change how loans... - EricCartman 2024-02-23 13:01:08
        They should create a system where if you make good faith - FaytlND 2024-02-23 13:11:37
        Socialist nonsense - airborneirish 2024-02-25 14:52:52
        Socialist nonsense - airborneirish 2024-02-25 14:44:41
        That's the hard part. - EricCartman 2024-02-23 14:37:31
        A variety of ways indeed - El Kabong 2024-02-23 14:12:58
        I'm not sure that analogy works. - FaytlND 2024-02-23 14:46:41
        How educated? * - El Kabong 2024-02-23 15:19:41
        Why do we even need master electricians? - FaytlND 2024-02-23 15:24:38
        The definition of "broader value to society" - Raoul 2024-02-23 14:42:09
        Do you have any evidence to support your second sentence? - FaytlND 2024-02-23 15:30:58
        It is just my sense of the place - Raoul 2024-02-23 15:53:30
        At some level - AquinasDomer 2024-02-23 14:00:23
      - This is something I consider as well. - FaytlND 2024-02-23 12:48:54
    - Didn’t they experience the consequences? - vermin05 2024-02-23 11:28:08
      - Not heartless - catripledomer 2024-02-23 11:35:15
        You're taking me back to 2008... - Kbyrnes 2024-02-23 14:09:23
        I’ll consider this being excessive - vermin05 2024-02-23 11:44:06
        It's not fundamentally different - catripledomer 2024-02-23 11:46:57
    - I did not even address the decision and whther it should - wpkirish 2024-02-23 11:23:39
      - Sorry. In that case I agree with you. * - catripledomer 2024-02-23 11:31:49
- Do you think the loan office for a typical for profit school - Tex Francisco 2024-02-23 10:58:27
  - Were those people not already made whole? - El Kabong 2024-02-23 11:58:29
- What if the contract changes? - czeche 2024-02-23 10:53:11
  - But your actions/response did not change * - El Kabong 2024-02-23 11:59:46
    - I'm simply pointing out the change - czeche 2024-02-23 12:20:43