Comment Re:Disturbing (Score 2) 331
Sure, they should have known better than to voluntarily sign up for something they could not pay back. Thats easy for me to say being someone who's always had an aptitude for these things, but to a certain extent we've all failed to provide most high school graduates with the tools to be normal well adjusted and functional adults. The first time I learned to balance a checkbook was when I got a checking account, the first time I saw a car loan was when I bought my first car, the first time I learned how taxes worked was when I did my taxes for the first time. These are all things that should augment basic freshmen high school math classes as mandatory subjects you learn in public school before getting put into the wild, but they are not. I'm positive that I am not part of some minority that learned this on my own as an adult, and I am equally positive that there's a fair percentage of us who are just not as well equipped to learn this on their own, those are the ones that these types of organizations will pray on. The problem with just brushing these off is that there was predatory intent to financially exploit a subset of the population who are already in need and looking to make something better for themselves.
All that being said, I'm not necessarily in favor of this regulation. IMO it ignores the greater pre adulthood education issue.