I'm not American so I may have missed something, but isn't this a huge departure...

ru552 · 2025-04-22T13:33:33 1745328813

They only stopped referring to debt collections in 2020 when Covid hit.

flerchin · 2025-04-22T13:31:10 1745328670

If anything, this is a return to normalcy.

hiatus · 2025-04-22T13:31:20 1745328680

No. The loans were deferred for a few years. When people took out the loans they did so knowing they would have to pay them back

0xfaded · 2025-04-22T13:54:14 1745330054

Understood as 18 year olds who were told everything would be okay so long as they just did what they were told.

I was lucky enough to grow up and go to university in another country. The magnitude of the financial decisions I was making at the time were < 1k and I remembered how much money that felt like.

IMHO blaming people for 100k bad financial decisions made under duress just as they entered adulthood is victim blaming.

hiatus · 2025-04-23T15:48:32 1745423312

18 year olds have enough agency to sign their life away to fight on foreign soil but are too stupid to sign for a loan? Or are you arguing we should raise the age of majority to > 18?

nyarlathotep_ · 2025-04-22T14:54:15 1745333655

> IMHO blaming people for 100k bad financial decisions made under duress just as they entered adulthood is victim blaming.

Especially when the implied social contract broke down--i.e low wages, horrific increases in the cost of living, limited opportunities.

It's pretty common to find people that regret taking the loans to go to school and got little value from their education.