Nearly 20 percent of student loan borrowers are now delinquent.
$234 Billion In Student Loans Are Now In Default, And Things Are About To Get Worse
4 days ago by return2ozma to c/latestagecapitalism
ChicoSuave 11 points 4 days ago
Remember. If you owe the bank a few thousand it's your problem. If the bank has loaned out $234B it can't get back, that's the bank's problem.
TimboSlice 6 points 4 days ago
Which then becomes a taxpayer problem
jordanpwnsyou 6 points 4 days ago
As education in a civilized country should be
goferking0 2 points 3 days ago
If the bank has loaned out $234B it can't get back, that's the bank's problem
No that's when they get bailed out because the bank failing would be terrible. no how dare anyone suggest if that happens the bank should become state owned if bailed out by the state
AntonioAndolini 1 point 3 days ago
My ethics class is hurting my soul
latestagecapitalism
@lemmy.world
3855
1233
4521
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, anti-communism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc. This includes instance shaming.
Introduction to Socialism (external links)
Marxism-Leninism Study Guide: Basic Course
go to feed...
latestagecapitalism
@lemmy.world
3855
1233
4521
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, anti-communism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc. This includes instance shaming.
Introduction to Socialism (external links)
Marxism-Leninism Study Guide: Basic Course
go to feed...
Good! Don't pay kids, especially if there are no jobs in your chosen field. Your country is 40 Trillion in debt. I think they can write off this tiny amount.
save