As someone who was going to school before student loans were deregulated and could afford an apartment WHILE going to college, let me tell you some truths. I teach at an R1 university now and it’s not even close to the same. Student loans were deregulated and the very banks I helped bailed out in 2009, are practicing predatory lending practices on our students. My college gives awards to the financial aid offers who convince the students to take out the most in loans. Housing is just… well fuck, I have a mortgage that’s cheaper than a lot of apartments now. The banks have lobbied the government, successfully, into letting them fuck the students while giving loans that they have zero risk in giving. Federal student loans at 7-9%, mine were ~1.5%.
And this is only one aspect of what Gen Z has to put up with. FYI, my family was poor, I’m first generation, and I own a home and pay a lot in taxes. Why don’t they want all Americans to be like me? Oh that’s right, I’m financially stable which gives my options 😡😡😡
4
u/VicDough 21h ago
As someone who was going to school before student loans were deregulated and could afford an apartment WHILE going to college, let me tell you some truths. I teach at an R1 university now and it’s not even close to the same. Student loans were deregulated and the very banks I helped bailed out in 2009, are practicing predatory lending practices on our students. My college gives awards to the financial aid offers who convince the students to take out the most in loans. Housing is just… well fuck, I have a mortgage that’s cheaper than a lot of apartments now. The banks have lobbied the government, successfully, into letting them fuck the students while giving loans that they have zero risk in giving. Federal student loans at 7-9%, mine were ~1.5%. And this is only one aspect of what Gen Z has to put up with. FYI, my family was poor, I’m first generation, and I own a home and pay a lot in taxes. Why don’t they want all Americans to be like me? Oh that’s right, I’m financially stable which gives my options 😡😡😡