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Wasn't it previously illegal?
People would be able to pay off student loans pretty easily if it were. Take out double the needed loan amount, put half in an EE bond, cash it out in 20 years, pay off entire loan.
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Why should lending money be illegal?
You agree to the terms, no one is lying to you
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>>1308073
Why is alcohol legal? Wasn't it previously illegal?
People would be able to pay off student loans pretty easily if it were. Diligently study and network, get good job after graduating, pay off entire loan.
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>>1308078
because muh God and the Bible forbid it
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Time value of money you fucking idiot.
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>>1308073
Every major civilization has banned usury at times. For good reason I think
>>1308078
It creates a race to the bottom where because some people borrow to buy a thing the price inflates beyond what it should be since the purchasers in sum have more available funds. Then everyone has to borrow money to buy the thing to afford the new, higher price.
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