students loans and mortgages have the same feel to them. debt taken on without real scrutiny.

feels pretty different to me. I need $200-250k household income + six figure down payment to qualify for a mortgage where I live, whereas I can take on $100k+ in student debt without any qualifications or requirements whatsoever.

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right, I see what you mean. appreciate the clarification!

the main difference for me is that one was easy to get whereas the other is impossible 😂

reqs and loans themselves are diff, no doubt. and this isn’t meant to judge (good or bad).

i’m referring to how (at least as a millennial) both loans are just things you are expected to take on regardless of circumstances. and questioning them (mortgages today, student loans 10 years ago) feel awfully similar.

Yeah. They aren’t anything similar. 

One requires hella financial Information to secure and post the asset as collateral. One builds a life / family with a home. 

The other is to pay colleges (most people only need the school of hard knocks - trades, apprenticeships) one finds themselves in college. 

The similarity you see Seneca is the bucket of fraud. That bucket is universal. 

Car loans more like student in that easy to get. But again. Secured by an asset.