I totally would agree with your comment except you seem to think the student loan crisis was the result of entitled millenials and not the result of an economy that has been gutted from top to bottom by a confluence of factors, most notably by financial regulatory capture and private equity. It's important people realize that not everyth…
I totally would agree with your comment except you seem to think the student loan crisis was the result of entitled millenials and not the result of an economy that has been gutted from top to bottom by a confluence of factors, most notably by financial regulatory capture and private equity. It's important people realize that not everything is within our control, but the things that we're mostly responsible for the things that are.
Firstly, you erroneously assume there's a student loan crisis. I don't. I think there's a crisis of integrity to one's word and obligation. IF you borrow money, pay it back!
Secondly, if these infantile students don't understand the obligations that a student loan presents, then as suggested, don't let them make them. They're too immature ... it's "too complicated"
Finally financial regulatory capture and private equity only influence the terms of the loan, not the integrity and willingness of the borrow to repay what they agreed to repay. Teaching them that if they throw loud enough tantrums for long enough that they won't have to honor their obligations teaches a behavior no society or economy can sustain.
I totally would agree with your comment except you seem to think the student loan crisis was the result of entitled millenials and not the result of an economy that has been gutted from top to bottom by a confluence of factors, most notably by financial regulatory capture and private equity. It's important people realize that not everything is within our control, but the things that we're mostly responsible for the things that are.
Firstly, you erroneously assume there's a student loan crisis. I don't. I think there's a crisis of integrity to one's word and obligation. IF you borrow money, pay it back!
Secondly, if these infantile students don't understand the obligations that a student loan presents, then as suggested, don't let them make them. They're too immature ... it's "too complicated"
Finally financial regulatory capture and private equity only influence the terms of the loan, not the integrity and willingness of the borrow to repay what they agreed to repay. Teaching them that if they throw loud enough tantrums for long enough that they won't have to honor their obligations teaches a behavior no society or economy can sustain.