And by design. Bush was the one that made the federal govt guarantee student loans. They’re the only loans not forgiveable even in bankruptcy. And after this happened tuition has outpaced inflation by an astronomical amount. With so much guaranteed money up for grabs, schools were incentivized to make up any useless degree just to sell more seats. Student loans = modern slavery.
And by design. Bush was the one that made the federal govt guarantee student loans. They’re the only loans not forgiveable even in bankruptcy. And after this happened tuition has outpaced inflation by an astronomical amount. With so much guaranteed money up for grabs, schools were incentivized to make up any useless degree just to sell more seats. Student loans = modern slavery.