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Originally Posted by Ksyrup
Also, banks made loans available, people took them, and the banks are now entitled to collect according to the terms of those loans. If one cannot pay, they can attempt to get that debt discharged through bankruptcy. That's a gamble any bank makes when providing loans.
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It's not a gamble for the banks since taxpayers have to bail them out when they fail. Student loans can't be discharged through bankruptcy (thanks Biden!).
My argument doesn't have anything to do with the pandemic. Just that there is no outrage over inflationary spending when it benefits banks or wealthy business owners.
Quote:
Originally Posted by NobodyHere
No one was forced to take a student loan either
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The school requires you to pay to attend. I'm guessing people wouldn't take out loans if they didn't have to.