[Buckeye McFrog]

We need legislation requiring: 1. Students under age 25 will need a cosigner, with established good credit & collateral, such as family home.

I actually know parents who have done this, and who are now burdened with big, undischargeable loan debt.

The market for Warren's nonsense is bigger than you think.

[mumblypeg]

Yes, no doubt.
But those parents should have considered less expensive alternatives.
My kid wanted to study “film” at an “Art School” where the loan sharks sold him $50k in debt, while he floundered around, switching majors.
He hated taking freshman requirements— English & Math— so kept dropping & retaking, wasting time & accruing more debt.

If a cosigner had been required, he couldn’t have gotten any loans at all, because hubby & I would have Just Said No & packed him off to Media Studies at community college, $50 per unit, payable out of pocket.