Student Loan Debt Slaves In Perpetuity - A True Story Of "Bankruptcy Hell"

[naaman fletcher]

5. yup, think about it this way:

Let's say you run a burger joint. Different people come in and ask you how much for a burger. Some will pay 4 bucks for a burger. Others would pay 8. You would love to be able to charge 4 to the people who can only pay 4, and 8 to the people who will pay 8. Of course, you don't know which is which, so you charge everybody the same price for a burger.

Now, let's say you have a different product. People come to you and ask you how much it will cost. You respond with someone outrageously high price that almost nobody can actually pay. Guy says "no really, you know I can't afford that, how much will it cost"?

You say "give me yours and your parents tax returns, and then I will tell you".

So, you calculate how much he can afford to pay, and that's what you charge him.

Meanwhile you lobby the federal government to make it easier and easier to give the guy loans, so that you can charge even more.

What's great is when this is all said and done you say "Gee, aren't I so nice for not charging you the super high price and instead providing you with aid and helping to secure loans"?

Of course costs go up every year.