[Vigilanteman]

A student loan is just another loan to buy something now and pay for it later - like a vehicle, a boat or a home and should be treated as such.

That's the way it ought to be, but that's not the way it is. Student Loans and Parent PLUS loans hang on extorting payments forever.

The stated reason is that while a vehicle, a boat or a home can be repossessed if the borrower misses payments, they can't repossess a college education.

While that may be so, there is nothing to prevent them from holding transcripts or even revoking degrees. An educational institution which allows some nimrod to run up a $100,000 debt majoring in puppetry (the Occupy Wall Street poster boy) ought to share some of the responsibility just as institution which makes a $50K loan on a car worth $15K would have to.

There are a lot of reasonably priced colleges and universities out there which offer quality education for reasonable tuition. One of them, Hillsdale College in Michigan, even has their own group of lenders to make the loans at rates better than what Fedzilla offers. Why do you suppose that is?

[Iron Munro]

If the EPA can garnish wages for digging a well in your own back yard there is no reason why a bank or other lender should not be permitted to garnish wages to recover a student loan in default.

People who whine about having to repay student loans (like Michelle Obama has done) are just wannabe moochers - no better than people who think working taxpayers should pay for their food, housing, transportation, cell phones, condoms or sex change operations.

[octex]

There are a lot of reasonably priced colleges and universities out there which offer quality education for reasonable tuition. One of them, Hillsdale College in Michigan, even has their own group of lenders to make the loans at rates better than what Fedzilla offers.
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Agree.

Stop gov. loans to private universities/colleges like Harvard, Yale and many others. Let those dip into their HUGE endowments to give loans, with interest due, to qualified students who only take a curriculum that has a well known earning potential. ...No more of the stupid gender studies, hip-hop music (prof. Marc Hill, Yale), art history and other time wasters. If students want to take such ridiculous courses of study, they can pay full tuition.

Permit gov. student loans to State/Community univs/colleges, with the same requirement that degrees must be in fields of study that have good earning potential; none of the fluff stuff. ...Restrict such loans to only such schools that have a reasonable tuition rate (place a cap on it, depending on prevailing costs of living in the area, or the schools will just keep raising tuition rates).

Students that want to get a useless degree can pay for it but wont be saddled with a loan debt that the earnings from their degrees would not permit them to repay; and, no lenders would be stuck.