[Slyfox]

The student loan scam bubble is awful. Not only are the loans issued with terrible interest rates, but often kickbacks are being made to the schools to steer students to particular lenders.

The interest rate used to be 3% before the feds got really involved, now it is between 6 and 9%. It is worse than a mortgage because the only tangible is a piece of paper.

The feds hold the loan and there is no guarantee that graduates will get a job to be able to pay it off.

Whoever thought this up ought to be shot and p*$$ed on.

[ChildOfThe60s]

The feds hold the loan and there is no guarantee that graduates will get a job to be able to pay it off.

Look into how many Democrat jobs there are that get loan forgiveness. This is just vote buying. Real producers have to pay their loans back. Work for the government and you get yours forgiven.