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Taking out a loan you don't realistically have the capacity to pay back is irresponsible. This scheme is nothing but privatized success and socializing failure.
by yummyfajitas 10y ago
Taking out a loan you don't realistically have the capacity to pay back is irresponsible. This scheme is nothing but privatized success and socializing failure.
If you want to fix the problem, stop subsidizing the loans and allow these colleges to die, shrink or reduce costs.
- CoryG89 10y ago> Taking out a loan you don't realistically have the capacity to pay back is irresponsible. The loan provider is in a much better position to know who will and will not be able to pay back a particular loan. > If you want to fix the problem, stop subsidizing the loans and allow these colleges to die, shrink or reduce costs. Perhaps this is better, but seems unrealistic.
- yummyfajitas 10y agoThe loan provider is in a much better position to know who will and will not be able to pay back a particular loan. They have no reason to care since the government backs the loans.