3 ms·
Posing this question almost feels insulting. How did this happen? As with so many (not all) things that government gets involved with, Uncle Sam did it. Why on
by complianceowl 3y ago
Posing this question almost feels insulting. How did this happen? As with so many (not all) things that government gets involved with, Uncle Sam did it.
Why on God's green earth would colleges lower their prices when they have guaranteed funding via guaranteed student loans? If anyone could get a loan for a house, the same thing would happen to the housing market. Cough Cough...2008. Government placed quotas on the industry to make the "American Dream" a reality for everyone.
I get it. Government-backed student loans does indeed give opportunities for many less fortunate people. But does giving opportunities to the less fortunate, which is a much, much smaller percentage than those who are not in that category, justify making college unaffordable for the entire country? Keep in mind that most people fall into a middle category where they are not poor but still don't have enough for college and have to find a way.
And sure, call me a conspiracy theorist, but at the end of the day, the Government doesn't back student loans because they want to help. They do it because it serves their special interest groups.