How do I want to pay for the new feudalism? Put that on my card.
College students without jobs are able to get credit lines as high as $6,000. So you tell me. How is a freshman with tuition, room, board, books, and a 16 hour class load supposed to pay anything off?
Once again, the business model has nothing at all to do with us being responsible. On the contrary, it’s about us being irresponsible. The big profits are made by special fees and inflated interest when payments are either late or missed altogether.
The money is in the trap.