You’re talking about the difference between secured and unsecured loans. Go try and borrow 30k using an unsecured loan and see if you can do it for less than the going rate for student loans (hint: don’t hold your breath).
PerformativeConcern
performativeconcern
Defaulting on a student loan is a meaningless state. If you receive a W-2 you will pay. The only question is whether you will do so voluntarily or the federal government will force you to do so.
Tax payers.
Correlation is not causation. There is a correlation between post-secondary education and later life economic outcomes. There is no causal relationship between the two. In that sense college in general is not “increasingly becoming necessary to earn a good living” and the obvious counterexample is the people that…
That’s how borrowing works... it’s the borrower’s responsibility to put the capital to constructive use. Are you suggesting that banks should be exposed to risk and have to vet borrowers? Would you prefer having a bank tell you, “You know what, we can approve you for an engineering degree but that dance degree isn’t…
The same people that haven’t read their current bank’s schedule of fees (and the conditions for avoiding them) aren’t going to read the next one’s either.
“If you’re nervous about where the economy is heading, scale back the amount of risk in your portfolio by switching some of your allocation from stocks over to bonds.”
Those numbers came from data on 2018's graduating class...
That reflects pretty poorly on his supporters too.
Bull.
Borrowing 30k (on average) to make 50k (on average) is a great deal. Loans only play a gatekeeping role when someone wants to borrow 30k to make 32k or borrow 60k to make 43k. In those cases it SHOULD serve as a gatekeeper. If the numbers don’t even make sense for the individual they do not magically become an…
There’s no such thing as “free”.
Do people with kids have too much money or is that somehow a valid expense in your mind?
Ditch the simplistic belief that debt is innately bad and understand that it’s a means to an end? Understand that with interest rates as low as they are (and may stay) that for a lot of major purchases it’s going to be financially advantageous to use someone else’s money assuming you have the discipline to put your…
Considering that I voluntarily spend between five and ten dollars in tolls on my way to/from work each day and have done so for more than a decade that’d be a shitty bet.
The number is 57% not 65% and I’m not sure how you came to that conclusion.
That clearly depends on what you make while you’re working. If you make 35k/year or less like half of American individuals then 800k + social security (even at a 70% payout) is going to comfortably cover you for retirement and you could have even retired earlier. If you make 135k/year investing only 200/month makes…
The government doesn’t pay for or subsidize anything. Individuals do. The government doesn’t have money or goods or services of its own because it does little to nothing of value on its own. Government is just an orchestrator of private dollars and effort.