Why are 18 year olds not able to get a $100,000 loan for a new Escalade?
Lending standards.
If a bank loaned an 18 year old $100,000 for an Escalade, would we have expected the bank or the kid to have made a better decision?
Why do we view student loans differently?
Scott Adams calls it thinking past the sale.
They focus our attention on the back end. No one is asking who loaned kids all this money in the first place.
The government is trying to cover up what is about to be a massive bust of people who can’t pay back these loans because it never should’ve happened to begin with.
Why are 18 year olds not able to get a $100,000 loan for a new Escalade?
Lending standards.
If a bank loaned an 18 year old $100,000 for an Escalade, would we have expected the bank or the kid to have made a better decision?
Why do we view student loans differently?
Scott Adams calls it thinking past the sale.
They focus our attention on the back end. No one is asking who loaned kids all this money in the first place.
The government is trying to cover up what is about to be a massive bust of people who can’t pay back these loans because it never should’ve happened to begin with.