College costs have skyrocketed because of all the “free money” that the government gives to kids with no real expectation of having genuine careers.
I think all college loans should be made directly by the educational institution that will be granting the degree. And I think that college loans should be treated like any debt in a bankruptcy case.
Excellent suggestions!
We paid my loans back. We paid for our kids’ college. Daughter graduated from U.T. I don’t remember how much it cost us but they say it is now $60K a year. Our youngest son grad from Concordia Irvine Ca. It was $75K a year. How did we do it? We didn’t buy a new car for ourselves from 1995-2011. Right there you save a lot of money. There were times when I had to put tuition on credit card and pay it out all semester. We didn’t take expensive vacations. I never got into designer clothes, purses, shoes. We still have our old furniture. etc etc etc
Put the burden on the colleges, they will start being more selective about admissions, and stop offering useless majors.