@vriska LITERALLY CORRECT

@RustyCrab @vriska no, it's government guaranteed. There is no risk.

@dioma @RustyCrab @vriska this is true, private lenders were pushed out of the market by government student loans, because the government is willing to lend at rates and risks that private companies won't.

It's a predatory lending scam (bankruptcy cannot get you out of government loans) to pump money into tuition, also causing the price of tuition to rise due to increased demand funded by the loans.

This, along with the dilution and decline of quality of university degrees, causes university to not only be a degree mill, but a debt mill, to the government.

@aven @dioma @RustyCrab @vriska
Borrowing money from a bank is stupid, but borrowing from a mafia is retarded.

And government is the biggest mafia on the block.

@LukeAlmighty I dunno, in the US the gov ones are far more lenient in terms of charging penalties and pursuing you. They just eat your tax refund (if any) each year. @aven @dioma @RustyCrab @vriska

@roboneko @dioma @RustyCrab @vriska @aven

Congratulations.

I am so happy you managed to get nominated.

@LukeAlmighty I don't follow? I'm pointing out that the private lenders who contract with the government for those loans aren't motivated to do anything more than the bare minimum. Meanwhile private parties without a government guaranteed check will actually come after you for the money plus as many fees as they can come up with. @dioma @RustyCrab @vriska @aven

@roboneko @LukeAlmighty @dioma @RustyCrab @aven are you guys having fun in here

@vriska @roboneko @dioma @RustyCrab @aven
Always