Confessions on Sidechat | The world is ending. People can’t afford life, but guess what? My school just increased our fees on our tuition because they cannot afford to pay their employees anymore. And they want us to donate to help fund the school.

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Confessions 1d

The world is ending. People can’t afford life, but guess what? My school just increased our fees on our tuition because they cannot afford to pay their employees anymore. And they want us to donate to help fund the school.

Anonymous 1d

It’s worse than that. There is a grifter bureaucracy eating up those fees. Schools have no risk because students can’t declare bankruptcy on student loans. The bonds they issue to finance the school is priced that way too. They don’t care if the students cannot pay the loan nor even get a job. Bankruptcy exists to force lenders to recognize risk and ability to pay. Without bankruptcy, lenders can asset strip the borrower.

Anonymous

#1 1d

This is nothing new to history. Pirates manned their ships using debt that the sailers cannot pay back. Debtors prison was a scheme by the rich to offer loans to people when knowing they can’t pay it back to get their land. This is why bankruptcy courts exist to end these practices.

Anonymous

#1 1d

The question is why was all this ignored for schools of all places? They have history majors. A bureaucracy that grows large enough seeks a kingdom and sees the people just as a resource. It isn’t about learning, it’s about imposing their fee like the mystique temple did in ancient times in Egypt. One had to associate with a temple or be seen not as a good person like how education is used today with stigma of “not educated”.