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Let Them Eat Teslas

theodp writes "If you're a bright kid who wants to prepare for the 21st century workforce (PDF) by studying engineering at Purdue, the government will help your parents pay the $100,000 or so tuition tab with a 7.9% interest loan (plus 4% fees) that's likely to be non-dischargeable in bankruptcy and paid back with after-tax money. If, on the other hand, you want to buy a tricked-out $100,000 Model S, Tesla has teamed up with the government, Wells Fargo, and U.S. Bank on what it calls a 'Revolutionary New Finance Product' that enables those who play the game right to avoid paying sales tax, get the government to pick up the first $15,000 (no down payment needed!), and also receive a 2.95% bankruptcy-dischargeable loan for the balance, the payments for which could be tax-deductible. Yep, 'Revolutionary' may be about right!"

6 of 461 comments (clear)

  1. So what? by bistromath007 · · Score: 4, Funny

    I don't really have a problem with this. Everyone knows that a car, even considering that they quickly depreciate, is much more valuable to the average person than most college degrees.

    I defy you to prove me wrong. :|

  2. Lease Tesla by 0100010001010011 · · Score: 4, Funny

    Sell Tesla.

    Use funds for college.

  3. Re:Collateralized vs Non-Collateralized Loans by Captain+Hook · · Score: 5, Funny

    "This is your brain..." "And this is your brain after defaulting on an education loan..." Cut to shot of egg being smashed under a frying pan.

    --
    These comments are my personal opinions and do not necessarily reflect the opinions of the other voices in my head.
  4. Re:also need to cut fluff and filler from Educatio by paiute · · Score: 3, Funny

    Maybe if you had taken some of those "fluff and filler" classes that maybe you could form cogent sentences?

    http://en.wikipedia.org/wiki/Muphry's_law

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    If Slashdot were chemistry it would look like this:Cadaverine
  5. Re:Collateralized vs Non-Collateralized Loans by wonkey_monkey · · Score: 3, Funny

    Quite frankly, if he wasn't dead, I'd have him expelled.

    --
    systemd is Roko's Basilisk.
  6. Re:Collateralized vs Non-Collateralized Loans by ebno-10db · · Score: 4, Funny

    Isn't this more or less the Cuban model

    Maybe you mean Canada. All those 'C' countries sound alike to me too, and what's the difference? Universal health care, nearly tuition free university education, a commie is a commie.

    And it's getting worse. Even here in America we now have socialized fire and police departments. That's right - no conspiracy theory! If your house is burning down, or you're the victim of a crime, you can request fire or police protection (there's even a hotline for it) and the government will pick up the whole tab. Talk about moral hazard! Before you know it, people will be tossing lighted matches into their homes for fun and walking down the street with $100 bills hanging out of their pockets.