5 ms·
> Where's the informed consent...? Actually, it exists nowadays. Students (in the US) receiving loans are required to complete a loan counseling session, whic
by rjbond3rd 14y ago
> Where's the informed consent...?
Actually, it exists nowadays. Students (in the US) receiving loans are required to complete a loan counseling session, which covers the pros, cons and responsibilities of student debt.
However, this is a relatively recent development that probably wasn't around for the people in the article.
- noahc 14y agoI was in school from 2004 - 2009 and took out modest student loans, about $11k total, and never experienced any of this.
- king_jester 14y agoIn my case, my loan "counseling session" was an online form I had to complete to unlock access to certain features of my online college account software. You do not get a sit down with someone to tell you about what you are getting into before you start. Even if you can get a person to talk to, we are seeing that lots of hand waiving and outright dishonesty is being used to propagate loan profits.