this post was submitted on 11 Nov 2023
892 points (95.9% liked)
memes
10398 readers
1855 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The point is to lock you into indentured servitude. As one of my favorite psychology professors likes to say: “The administration has figured out how to pick the pockets of students’ future earnings”.
Government pumps a bunch of “money” into the industry, and I put money in quotes because it’s the student who’s responsible for it. The government’s part is making it guaranteed that you get that loan. Oh, and also making that loan immune to bankruptcy.
That drove the price of college up enormously. So then you’ve got 18 year old kids signing papers to take on five or six figures of debt they can’t escape. These are people who’ve possibly never held a job, maybe never paid a bill in their life or taken a loan, being given automatic approval for huge loans.
It may not have been “designed” to do this, but the end result is a looney tunes style conveyer belt saddling people with huge debt, and in the process making college administrations very rich.
Consume the wealthy