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The schools should be on the hook for the loans too. They raised tuition to feed their endowments, and if the students can't pay it back, then it should come ou
by downrightmike 2y ago
The schools should be on the hook for the loans too. They raised tuition to feed their endowments, and if the students can't pay it back, then it should come out of the endowments.
- skhunted 2y agoAround 40% of all undergraduate students are community college students. Community colleges have almost never have endowments. At my community college and at every other community college I know of tuition is set by the state government. Per student funding has steadily decline for over 20 years. We are legally required to accept everyone who applies who has a GED of high school diploma. Why should my college be responsible for paying back student loans in default?
- downrightmike 2y agoThe state that certifies the colleges.