Sorry to disagree with you all - these loans should be illegal.
Oh most certainly. But the predators should clean up the mess, not the taxpayers.
These loans should have the college as cosigner and the student being able to discharge in bankruptcy.
Suddenly, colleges would STOP admitting unqualified students and stop offering worthless courses.
I went to college...and paid for it all myself. No loans...
I have a good paying job.
Whether student loans should be legal or illegal , is a separate issue from whether they should be repaid.
Why do you think they should be illegal?
They certainly should not be "guaranteed" by We the Taxpayers.
Banks that wish, at their own private risk, to issue student loans should be allowed ... nay ... encouraged to consider the prospective student's program of study before extending the loan.
I agree. I know I know, they took out the loans and they should pay them back but preying on 18 year old kids dreaming of a bright future who see these schools as their best shot at achieving their dream is pretty scummy. These kids are virtual slaves, all to support the lavish lifestyles of communists entrenched in the university system, who act as self-appointed ‘gatekeepers’ to a better life for these kids.
The schools should be on the hook for loans that don’t pay off, imo. The entire university system needs dismantled brick by brick.
Why?
How else are they going to pay for their education?
We can argue the value of said education but someone has to pay for it and the person receiving the education is the best person to do it.
The government needs to be out of the business of student loans.
Only private businesses should do student loans. And people should be able to file for bankruptcy if they can't make the loans.
“ Sorry to disagree with you all - these loans should be illegal.”
Totally
This is a scam
Wait ll sights get set on the schools ripping off the entire generation of adolescents.
I agree.
Eliminate student loans and watch the cost of college drop like an anvil.