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@justinamash@SenSanders the lack of basic economics in this country is astoundingThanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash you do realize that they will garnish future wages if you default on your student loans. They are very secure. -
@piker8@justinamash wage garnishment comes nowhere close to the kind of security a mortgage can, lump sum realization just for a start. -
@JeffEFrazier@justinamash sure, the bank doesn't get a great asset that they can then sell, but it's a pretty stiff penalty for default -
@piker8@justinamash it massively hurts the borrow and does very little to compensate the lender. Unsecured debt is a bad deal all around. -
@JeffEFrazier@justinamash gotcha. My loans in the mid '90's had rates were about 3%. Seems like it's gotten way out of hand since then. -
@piker8@justinamash College has become a more risky investment, it's the equipment of a HS Diploma, and nowhere near a job guarantee. -
@piker8@justinamash supposed to say "equivalent" but some degrees equip students for the work force as much as a HS Diploma used tk -
@JeffEFrazier yeah, you're right. Especially with the influx of all these new online colleges. The whole thing is a money making racket.
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@justinamash but they can take money from paychecks, social security, etc -
@nomaas@justinamash which are in now way guaranteed to come anywhere close to the loan ammounts, and can't be realized in lump sums. -
@JeffEFrazier@justinamash agreed, but Amash's comment implied there was no "lien" associated with student loans -
@nomaas@justinamash true, but we can't pretend they are as secure as mortgages, as Sanders implied. Truth > Politics no matter what
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@justinamash Better yet@SenSanders, let's discuss why college costs so much. Gov involve the have anything to do with that?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash@bayareahausfrau@SenSanders@SenSanders probably has no concept what your statement means?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@justinamash Reactions like this one about collateral for student loans move me closer to unfollowing. Are you human? -
@Rick_Geissal@justinamash it's not about human v inhuman, interest rates follow the risk assumed by the lender of not getting $ back. -
@JeffEFrazier It was a question about whether "his" tweet was created by a person or by a machine, cuz the tweet was mechanical & impersonal -
@Rick_Geissal ah, that makes sense. - End of conversation
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