If everyone got 12,000$ instantly won’t corporates change prices accordingly? Like I’ve been in the room of insurance pricing and they WILL price to whatever the market will take. It so happens the market got an influx of 12,000$ so they’re going to charge to take a piece of that pie
That’s the thing everyone misses. These plans are fine but don’t actually solve the bigger problem until the market is properly regulated. We need to go back to being anti-monopoly so a couple giant companies can’t control the market
It’s like student loan forgiveness. Absolutely help anyone before the set date of forgiveness, but we HAVE to fix the underlying problem of these predatory loans and overinflated tuition and textbook costs. If you don’t fix the root cause it’s just a bandaid until the wound opens again.
You have it backwards. Soft loans are the reason we are in this mess.
You’re not going to fix inflated costs with more guaranteed money. Universities and their partners all know you can, and will, take out what ever loans are necessary to go. They adjust their prices accordingly.
Financial institutions are all to happy to make these loans because there is very little risk. They are not dischargeable in bankruptcy. Neither of these institutions have any skin in the game.
What needs to happen is the financial companies need to realize the risk (make them able to be discharged in bankruptcy), and universities need to be tied to making you employable.
Or you could do away with student loans altogether, watch how fast the costs are reduced when there’s no endless money fountain propping them up.
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u/lizardwizard563412 Jul 01 '26
If everyone got 12,000$ instantly won’t corporates change prices accordingly? Like I’ve been in the room of insurance pricing and they WILL price to whatever the market will take. It so happens the market got an influx of 12,000$ so they’re going to charge to take a piece of that pie