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Culture War Roundup for the week of June 3, 2024

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Many of these loans were taken out with the expectation of securing a valuable job.

Were they?

I sincerely doubt that CS or EE majors are anything but underrepresented in the recipients of these bailouts. Which does point to a third possible party who has at significant share of the blame: universities themselves. They encourage students to take massive loans of dubious benefit with false advertising. More economically advantageous majors are often even limited in enrollment.

I don't hold the student loan debtors too responsible for the issue. They're young idiots who are told by pretty much everyone that it's a good idea to go on what's effectively a four year party vacation because they'll automatically get a good job afterwards. It's akin to someone who doesn't understand how interest rates work taking out a payday loan. But we really should be punishing the institutions that put them in that position.