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Mike Went To Prison & Student Loans Are Out Of Control | EP 27
Business Untitled
Proper Channels for Addressing Predatory Student Loan Practices
The speaker highlights the need to address predatory student loan practices through proper legislative channels, arguing that decisions like paying off loans should not be made casually without proper laws in place. The speaker emphasizes the significance of Congressional involvement in passing laws to regulate such practices, comparing the issue to the subprime crisis in mortgages. They point out the pernicious nature of student loans due to the inability to declare bankruptcy, unlike other debts. The speaker critiques the lack of responsibility in lending to young students, contrasting it with age restrictions on alcohol consumption.
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