this post was submitted on 29 Nov 2024
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Asklemmy
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I cant afford it either way. Before the pandemic there was more student loan debt in the US than credit card debt. It's the 2008 housing bubble all over again, only this time there aren't even millions of worthless homes to compensate lenders.
Why cant you afford it? Didn't you think about how you were going to pay it back when you signed the papers agreeing that you would pay it back?
I asked why they can't afford it. My studant loans were very clear on the terms when I signed. I recall being forced to watch a video as part of the process. When you agree to do something, I believe you should follow through. That's the foundation of society. Imagine how you'd feel if the situation was reversed: the lender didn't follow through on giving you the money they agreed to give. Wouldn't you think it was fraudulant?