The job the finance industry is to help people pay for stuff.
That’s laughable. That’s like saying the job of a stock market speculator is to make markets more efficient. The “job” of a stock market speculator is to make predictions about the market and cash in on those predictions, if correct. The job of the finance industry is to make as much money as possible by utilizing every opportunity available to them, including investment and making loans. The fact that credit fills a vital need in society is only incidental to that.
Anyway, this thread is seriously on the wrong track. I have never heard so many Objectivists seriously claim that leaving a child without an education would be a morally acceptable thing to do. Peikoff wouldn’t agree with that. The act of having a child obligates one to provide certain things, just as surely as signing a contract does. Among those is an education-- in the sense that the child must be educated about the world in order to gain their own self-sufficiency (not necessarily in the formal, academic sense).
Making the claim that anything less than locking a child in a closet 24/7 constitutes fulfilling that educational obligation is absurd. What’s lacking from the discourse here is the concept that individuals under the age of 18 ought to have the ability to enforce their own rights. If a minor can provide substantial proof that their parents are neglecting fulfilling their educational duty, he or she should be able to enforce that obligation through the courts or law enforcement.