Ninjaluver posted...
In a capitalist society, like the one we live in, providing financial aid to a large group of people does affect others who aren't in that group. I don't know if you guys are expecting me to give you the basic course of economics, but I'm not willing to type out a 60-page reply to these posts. I've tried to dumb it down as much as possible.
People have more money = people spend more = demand goes up = costs go up.
That's the most dumbed down version I could possible give. The thing is, only a certain group gets more money in this situation; the people who took these loans and couldn't afford to pay them off. So the people who made reckless and irresponsible decisions get to benefit while everybody else who played by the rules gets punished.
Just to be clear here, you are saying wanting to get an education for better job opportunities is reckless and irresponsible.