Apparently colleges need to introduce a ‘Loan Repayment 101’ class.
Now THAT was a good one, Libloather!
You know, rather than have freshmen students take all those mushy, touchy-feely multi-cultural indoctrination classes, I think you have a very good idea.
Any new student loan bills before Congress should require that any student receiving federally-bascked student loans should be required to take a basic Finance class. One that introduces the student to obligations as a borrower, compounding interest, finance charges, return on investment, and simple budgeting techniques.