Student debt is a poverty tax on low income families

Students who have to take out loans to go to school wind up paying more than rich people who just pay out of pocket up front.

Ultimately, it's a form of punishment for being low income and wanting higher education.

Correct?

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in10RjFox · M

It's a punishment for believing in Education and getting lured into it for life and unable to get a job to payback. So the university must pay minimum wages during the unemployed period. And a graduate will then borrow from hookers and loan sharks who make more money without any student loan...

Instead if they start going for jobs and not take loans, the fees will start to come down and they can study after a few years with some good savings, rather than entering an university with loan and no savings and having to depend on parents.