[Jim Noble]

The most basic argument is to note that students and their families willingly and knowingly agreed to the terms of their loans

This is, in many cases, false.

[dearolddad]

The most basic argument is to note that students and their families willingly and knowingly agreed to the terms of their loans.

Any time you sign a contract it is your sole responsibility to know and understand the terms and conditions!

[freedumb2003]

>>This is, in many cases, false.<<

How so? When I was 18 and took student loans out (which I repaid as promised) I knew exactly what I was promising and signing.

I do admit that students today are MUCH less mature than students in our day but still they should be able to understand a simple promise to pay.

[olivia3boys]

It’s interesting because the “Master Promissory Note” students sign these days for federal student loans list NO amount borrowed—it’s a “blank check”—the MPN is just a 10 year flow of endless generous $$ for any and all schools attended for 10 years, plus never-ending “refunds” (to the student) for room and board!, or whatever else they want to use the $$ for!

[qaz123]

How so? Someone takes out a loan they’re supposed to pay it back.

If someone, as a parent, co-signs a load for their kid, who wants to get a degree in Post Neanderthal Feminist Poetry and can’t figure out that it’s going to cost over $100k and be worthless, then that’s on them.

Commence wage garnishment now.

Funny that in every other industry, we can hear of budget cuts, but when it comes to secondary education, the only folks that stand to lose anything are the maintenance folks and the sports programs. No radical left wing professor ever loses their precious tenured positions no matter how worthless the class they teach 2d a week is.

And then the taxpayer or parents are forced to fork over more money for the tuition increases.