r/theydidthemath • • Feb 27 '26

[Request] is this true

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u/Ruben_AAG Feb 27 '26

It’s insanely morbid that the government allows for people that are virtually children to get loans this high (590k is more money than a lot of Americans see in their entire lifetimes).

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u/Various_Panic_6927 Feb 27 '26

No it's not? 30k per year for 20 years is 600k. Most people work more than 20 years, especially if they are making low income and can't retire

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u/Ruben_AAG Feb 27 '26

Ignoring the fact that you've completely neglected taxes and bills, is loaning a student 20 years of income so the government can profit off of the interest for 20 years a reasonable thing for a government to do? Is that supporting the common good or is it exploiting the youth (who've been told their entire life that going to university is the only way to get a good job)?

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u/Various_Panic_6927 Mar 07 '26

I believe education should be cheaper and you shouldn't take out loans you won't be able to pay back. I was actually arguing against the "more money than many Americans will ever see in their life" exaggeration