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c_crank | 2 years ago

It does not take professional training to see the price tag of a student loan and to question if one can reasonably pay it off in the future. Certainly, someone equipped with the skills needed to be accepted into a college that costs so much should be able to do the math required on that calculation.

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ericjmorey|2 years ago

The point is that the majority did question it. It's a very uncertain proposition which is why they sought after the advice of people they trust with more life experiences and knowledge.

thatguy0900|2 years ago

I think the fact that student loans can't be discharged in bankruptcy is a nod to the fact that everyone involved knows that the people taking them are largely uneducated about what they are.

kjkjadksj|2 years ago

Covering compound interest isnt even a requirement in high school

c_crank|2 years ago

Compound interest shouldn't be the primary factor in rejecting a four to five digit loan when you have low or zero income.