29
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Oct 2023
29 points (64.6% liked)
Unpopular Opinion
6216 readers
6 users here now
Welcome to the Unpopular Opinion community!
How voting works:
Vote the opposite of the norm.
If you agree that the opinion is unpopular give it an arrow up. If it's something that's widely accepted, give it an arrow down.
Guidelines:
Tag your post, if possible (not required)
- If your post is a "General" unpopular opinion, start the subject with [GENERAL].
- If it is a Lemmy-specific unpopular opinion, start it with [LEMMY].
Rules:
1. NO POLITICS
Politics is everywhere. Let's make this about [general] and [lemmy] - specific topics, and keep politics out of it.
2. Be civil.
Disagreements happen, but that doesn’t provide the right to personally attack others. No racism/sexism/bigotry. Please also refrain from gatekeeping others' opinions.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Shitposts and memes are allowed but...
Only until they prove to be a problem. They can and will be removed at moderator discretion.
5. No trolling.
This shouldn't need an explanation. If your post or comment is made just to get a rise with no real value, it will be removed. You do this too often, you will get a vacation to touch grass, away from this community for 1 or more days. Repeat offenses will result in a perma-ban.
Instance-wide rules always apply. https://legal.lemmy.world/tos/
founded 1 year ago
MODERATORS
Because your student loans can not be discharged in bankruptcy, you have personally assumed all of the risk, as such your interest rate should be zero.
Therefore the most fair and equitable solution is to retroactively set the interest rate to zero, and refund all interest payments to the borrowers.
What say you?
I wouldn't even mind the interest, if 100% of the interest was used to fund future student loans for the next wave of students. Banks don't want to give out loans they won't make money from? Make it a requirement to qualify for any future bailouts. We're due for another in a couple of years
Interest rate should be zero only if inflation did not exsist.
Interest rate should be equal to inflation
That is reasonable.
Interest rates represent the opportunity cost of investing that money elsewhere, of which lending risk is only one component. Also, the point is moot because lenders can still lose money if borrowers default, even if borrowers cannot legally discharge the debt in bankruptcy, so the lender does hold risk.