you have an overactive sense of danger

Some people, like my family, use credit cards without every accruing interest because its just easier than cash transfers, wouldn't be possible without systems of loans and confidence though.

If you do meet minimum spends, and you don't have some moral objection to the behaviour of your creditors (for example, I don't like how MasterCard does business), then I don't understand not using credit cards.

How overactive is it, when I avoided college debt despite everyone around me recommending it.

Look at the crisis now.

Indeed

"crisis" pft.

Unless you are very sure of the value of loans you take for education, you are being foolish.

@Paradox It's a lot of debt, and the people holding it are _very_ resentful.

I sound like a sensible fuckin' man that's what I sound like.

Visa loses money by having me as a customer so I don't think that much about their practices

ya if I found out I spent 10 of thousands of dollars on education and I am still a retard, I'd probably be pretty pissy too.

Here's something the colleges do that not everyone knows about

They boast a hiring rate, right?

The crisis is not the magnitude of the debt, or even the prospect that it might default at a high rate (though those two things cooperate to enhance the danger): the crisis is that the way it is "resolved" may be an immense political goldmine.

sorry, not "spent" "borrowed"...

Well a lot of these colleges have companies that will take on students for awhile just to fire them in a little while, so they can have that hiring rate.

They boast hiring rates?

Yes.

I feel like the schools should be selling insurance then

Do they even bother to break it down by major?

I was warned against one of those diploma mills by the department of voc rehab, I think it was Devry I was talking to recruiters from

The insurance pays the loans.

Grant I can't get too pedantic in detail right now.

I just know it's done. And nothing stops it.

Shady but not illegal

Colleges are full of snakes.

Well

I mean, it probably could be resolved in court.

It wouldn't surprise me if they massage a lot stats to be very misleading.

That seems very very very close to commercial fraud.

in 10 years tens of thousands will be pretty much nothing

I hope so.

Not to Wacka.

Wacka has been talking nonsense.

"Inflation is great for your debt!" Okay.

Got an elixir to sell us too?

inflation will go up as wages increase

well inflation actually is....

Inflation is great for debtors, yeah.

Sadly only diploma mills and technical schools tend to get in trouble for being bullshit