All tagged student loans

Kristy Bock: Paying the price of ignorance

The term loan shark carries a negative connotation. On television, he’s the guy who sends his goons after people who don’t pay what they agreed to pay. In real life, he’s a business that lends money to high-risk recipients. Where there is a need for revenue, there will always be someone, somewhere, ready to lend it. The lender doesn’t loan money out of the goodness of their own heart. It’s a business decision made with profit in mind. The government has decided that all lending institutions must pay for the predatory loan practices of others.

BJ Murphy: Killing the American Dream One Stimulus Check at a Time

Whatever happened to tax credits and tax deductions? How many more payments will people expect in the future before we declare the pandemic over? The utter reliance and potential household budgeting for future stimulus payments disincentivizes Americans from using their skills and creativity to find a way to meet their obligations. The unintended consequence of stimulus payments may very well be a methodical way of killing the American dream by taking away all incentives of hard work and individualism.