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TBF

(32,000 posts) Wed Jul 2, 2014, 11:01 AM Jul 2014

The Bible and Student Loans (Internet Meme)

2 replies

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The Bible and Student Loans (Internet Meme) (Original Post) TBF Jul 2014 OP

'Cause it's only fair. canoeist52 Jul 2014 #1

The Bible also says not to charge usury. Nuclear Unicorn Jul 2014 #2

canoeist52

(2,282 posts)

1. 'Cause it's only fair.

Reply to TBF (Original post)

Wed Jul 2, 2014, 03:51 PM

Jul 2014

Nuclear Unicorn

(19,497 posts)

2. The Bible also says not to charge usury.

Reply to TBF (Original post)

Wed Jul 2, 2014, 03:59 PM

Jul 2014

However, as a point of economic consideration: If debts were forgiven every 7 years lenders would become scarcer as each year of remission approached. The aforementioned student loans would probably never have been made in the first place.

I'm ambivalent as to whether or not that would be a good thing or a bad thing. If lack of credit kept people out of higher education that would obviously be bad but if tuition was then priced according to what people could actually afford that would be good. Either way, I doubt we'd see $225,000 commencement speakers.

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