An excellent college in our area (Grove City) has their own group of lenders and don't allow their kids to get hooked on the easy to get into debt terms of Fedzilla. I believe Hillsdale College in Michigan does likewise.
If lenders charged loan rates commensurate with risk, kids would be paying 10% or more to go into useless majors like Ethnic or Gender Studies and 2% or 3% to go into useful majors such as nursing and engineering.
RE: An excellent college in our area (Grove City) has their own group of lenders and don’t allow their kids to get hooked on the easy to get into debt terms of Fedzilla
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It is no coincidence that Prof. Walter Williams ( one of Rush Limbaugh’s favorite subs ) is going to be their 2012 graduation commencement speaker this coming May 19.