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

Inflation is a tax on people who save.

i mean, when you are spending 10 million bucks for a roll of toilet paper, your hundred thousand dollar loan is pretty easy to pay off.

I really despise money. If it were just money and stayed money, I wouldn't hate it.

It's one of the main reasons keeping inflation under control is crucial in the long run, economically.

the fed is targeting 2% but whats it at now?

But there's all these shenanigans.

Gender Studies at a state college can be worthless but still not have committed any crime on the books

It's not schenanigans, scrib, it's the whole point of money.

and it is immensely useful.

Money was meant to replace swapping random shit.

It is the reason we have all this shit.