Part of the problem is that most college advisers are stone-cold liars. Let’s say a student wants to major in French history. There’s nothing you can do with such a degree. Way, way better if that kid learns a trade instead.
Ah, but the history department will disagree. They need the students. So they will tell a naive 18-year-old all sorts of lies about how valuable that degree is.
Yes, an 18-year-old is an adult, and must do his own due diligence. He is ultimately responsible for his own actions. But the colleges must get some of the blame. That’s why I’d like to see them have some sort of co-signer responsibility.
Or at least they should be forced to be honest about every degree they offer. That sure isn’t happening now.
The Democrats love to make up the rules as they go along—how about putting a lien on both the deadbeat student and the college until the loan is paid in full.
If the student goes several months without paying start seizing and liquidating college assets.
Big education lobbied for these student loans figuring somebody else would have to deal with it.
It is time for them to become the “somebody else”.