Originally Posted by DAD22
It's hard to complain about high interest rates when someone gives you something at a 50% (or more) discount.

If you graduate with $60,000 in debt on an education sold to wealthier individuals at $120,000, then the interest rate would have to be about 16% for the education to cost you the same amount. Anything less than that and we're discussing the value of a top tier school as an investment in general, and being poor has little to do with it.

The point is that the college finance system has gone completely off the rails due to the massive issuance of debt that has absolutely no business existing in the first place.