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In reply to the discussion: Recovery threatened by runaway student loan debt [View all]SATIRical
(261 posts)Let me ask this: did you read all of the loan papers before signing them?
When I signed my loan, it was also before Google. And yes, I read every word. Just as I did with my mortgage. That's what responsible people do. If they don't it is at their peril and there is no excuse for not reading every word and investigating the things you don't understand.
Also, are you telling ne you didn't know what a loan was after 12 years of school? Sure, you might not know the details of student loans but that is why we had things called "libraries" and newspapers.
You realize you are trying to defend people that you claim blindly followed slogans without looking into it.
Now, getting back to the modern world, people do not have to anticipate what the world looks like in 20 years to decide whether to take out loans. The $1T in student loans is not from students who carefully looked at the job market and earning potential for their major and then decided if they could really afford to go to the private school versus going about it a different way. Sure there are a few cases where the market turned sour for a few majors, but that is not the majority of the cases.
But many are for those who chose to go to a private school to "find themselves" and dabble in a major that might interest them. Or a major that they chose simply because it was easy.
And that is great if you can afford it. But most of us can't.