Quote: (12-23-2016 12:09 AM)scorpion Wrote:
The fact that student loans are almost completely non-dischargeable (unique among all other debt in the United States) is flagrantly immoral. It's nothing short of indentured servitude. Quite simply, these kids are being preyed upon. The entire modern higher education system has grossly expanded over the past few decades on the backs of these kids and the debts they shackle themselves to for much of their working lives. Non-dischargeable student loans are the racket that enable the higher education bubble to grow and persist. By the time the kids graduate and realize their degree might as well be toilet paper, it's too late. They're stuck with a five-figure bill they have to pay at gunpoint. Meanwhile, the bankers, school administrators, SJW academics and the whole host of other parasites who have attached themselves to the modern day college racket are laughing all the way to the bank.
It's actually fairly similar to what has happened to the healthcare system over the past two decades. The end result with each is identical: the end user of the service (whether education or healthcare) assumes they are paying for and receiving a product. They don't realize that they are the product, and that they are being served up whole to a system literally designed to extract as much money from them as possible while leaving them with almost no way to fight back legally or financially. The system has no interest in actually educating people or making sure they are healthy. The goal is simply resource extraction: put them into as much debt as possible, turn them into slaves who work their whole lives to pay off the immoral debt.
Almost every major industry in the United States at this point is actively parasitic in this manner, either directly seeking to exploit theirs customer or else indirectly exploiting all taxpayers through government contracts. And we wonder why the economy hasn't recovered?
Yep, that my current situation at the present moment. Good chuck of loans came from private run state loan company that is excepted from fed regulations. My credit score is about 400s thanks to them and sold my loans to creditors after I told them I going to school. I'm lucky my family is supporting me. Another example of the madness of high ed: a friend is preparing for a third retake on practice clinical exam for the US medical license. The test results tell one subject area he failed in, but no other details. You spend a good 2000 dollars per test and your get vague results.
A parasite sooner or later will kill it host. Right now were are the death throes of the host. There is reason why the Boomers are going to most hated generation in history, this is one of the reasons.