3 ms·
Uh, federal financial aid is absolutely all of our money (acquired from taxes). And loan fraud just drives up the cost of loans for everybody else. And the ov
by alistairSH 1y ago
Uh, federal financial aid is absolutely all of our money (acquired from taxes).
And loan fraud just drives up the cost of loans for everybody else.
And the overhead of fighting this eats into school resources, driving up the tuition that's forcing the loan in the first place.
And as a professor/instructor, that's money that could go to funding more tenured positions (vs adjunct spots or other "non-permanent" teachers).
So, sure, without putting much thought into it, an individual might not care. But after any thought at all, one should see that fraud drives up the cost for all of us.
- carlosjobim 1y ago> And the overhead of fighting this eats into school resources Not if they continue to ignore it, because once again, it's not their money being sent to scammers. > And loan fraud just drives up the cost of loans for everybody else. Doesn't sound like a problem for the involved parties. > So, sure, without putting much thought into it, an individual might not care. But after any thought at all, one should see that fraud drives up the cost for all of us. You might care. I might care. But I guarantee that the involved parties do not care for even three seconds of their day about it. They have much more important things to think about, such as what color of the ballons for their kids next birthday party.
- mistrial9 1y ago> But I guarantee that the involved parties do not care for even three seconds of their day about it. yes -- based on real life interaction with real low-level accounting middle class bureaucrats in California, I agree that most of the people who are professionals in Federal student aid do not personally care about this bigger system. More importantly they care about their own paychecks, which most of them use to buy things for their own family events.