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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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The main issue is that education costs just continue to rise exponentially, but the quality of the education stagnates or drops.
And then, whose fucking hiring for that degree? No one.

It's a racket.