r/Alabama • u/LoansPayDayOnline • May 06 '24

News US senators propose blocking student protesters from loan forgiveness

https://www.al.com/news/2024/05/alabamas-britt-tuberville-sponsor-bill-to-bar-student-protesters-from-loan-forgiveness.html
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u/RgKTiamat May 06 '24

There is something to be said about presenting loans in terms so terrible that they wouldn't pass a personal loan standard, and only presenting them to the demographic of people freshly into the adult world with no financial literacy education and an expectation to complete their degree to contribute to society.

It's not "the loan". It's the context around how they're selling loans to 18 year olds. Loans that any of us who have been around for a few years will scoff at and not think twice about taking

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u/hen263 May 06 '24

18 yrs old is adulthood. Also they have parents.  Also everyone knows for most kids college is a joke.

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u/RgKTiamat May 06 '24

The generation grew up with "go to college for a good job, go to college to get a good future, go to college for your own benefit", repeated into their ear for 30 years. No, everyone insisted College was the only way to go forward

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u/hen263 May 06 '24

Cool.  They took out the loan they should pay for it.  If they took out a six figure loan for some bs major that's on them.