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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SomeMichGuy · M

It can be.

The people most affected by it were the students who attended for-profit institutions, some of which used lies as inducing conditions to get students to take out loans which would ultimately ruin them.

Outlawing for-profit schools and for-profit medicine would help the country a lot.