[Anitius Severinus Boethius]

That is where you are wrong. The parents aren’t the co-signers for these loans, the Federal government is. That is why they are “Federally guaranteed” student loans. In 1988, when I was 18, I signed a loan document for $6,500 despite having no credit history, no job, and no plan for paying it back. My parents didn’t sign a thing. And Uncle Sam was the one who had to pay back the loan if I wouldn’t or couldn’t. It’s a no loss for the financial institutes, and a huge loss for the taxpayer.

I say end the program, starve the modern University system of it’s endless supply of money, and make a college education a valuable commodity.

[Dr. Sivana]

That is why they are “Federally guaranteed” student loans. In 1988, when I was 18, I signed a loan document for $6,500 despite having no credit history, no job, and no plan for paying it back.

Parents would co-sign a loan if the incoming student is nder 18. Also, there are several student loan programs, some of which can involve parents. Besides the Stafford and Perkins loans (NDSL/GSL), there were also PLUS and ALAS. There may be equivalents today.