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this post was submitted on 11 Oct 2023
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Asklemmy
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In my country loans are interest free. This makes them easy to pay off with destroying your life. You can also pause payments with no issue.
Loans can’t be free in a capitalist society. No one would offer them.
I presume that anywhere where interest-free loans are offered, they are offered by that country's government. Canada, for example, as of April 1st 2023, offers federal student loans interest-free. Depending on the province, some may not have interest on provincial loans, as well.
That’s the only way it makes any sense.