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Sorry, no. What about the student loan "processing agencies" which take a cut from student loan interest? What do they owe society? Are you saying that there's
by agiacalone 4y ago
Sorry, no.
What about the student loan "processing agencies" which take a cut from student loan interest? What do they owe society? Are you saying that there's no fault there?
What about the money that does go to uni? Did it just disappear?
What about universities that intentionally increase tuition because of the high availability of student loans? When you're 2-years in to a 4-year degree, and the uni increases prices...what happens then? Abandon the program? Not? Back when I was a student, my uni increased tuition fees nearly every semester.
This is nowhere as clear-cut as you make it out to be.
Edit: one more thing...how in the hell is a 17-year old high-school student supposed to figure all that out when every adult in their life is encouraging them to go to uni? We're essentially saddling our youth today with life-long debt before they're really capable of understanding the consequences of doing so.
- sys_64738 4y agoNobody forces you to take federal loans. It’s not my problem if you can’t pay it back either but you will pay back the taxpayer for federal loans. The reason student fees are through the roof is entirely due to federal loans. Do away with such and the system will self-correct.