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This level of indebtedness and the associated high default rates are symptoms of the current higher education system. The government-guaranteed loan program allows colleges to increase the price tuition far in excess of the rate of inflation year after year. That's because the U.S. government can pretty much offer as many student loans as it desires, meaning that the colleges can bill students as much as they can get away with charging.
That would encourage the universities to do a few things. First, they can evaluate whether their courses are economically useful to students after graduation. It should be clear that some college programs fall short in this respect with graduates often finding it hard to secure full-time professional positions in their field of choice.
Put simply, college administrators should be able to make better credit decisions than anyone else currently doing so.
How to get the government to cure my blue balls
Great idea! What about state schools? Do you think tax payers would burden the risk?
Gave out more ferderal grants, with larger payments.This matter does call for prayer.
that guy has not taken his eyes off that thick girl w the skirt me neither btw
How to get the profit motive out of the school loan business. There. Better.
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A Guide To Federal Student Loan Repayment Plans
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Limits On Student Loan Borrowing Are A Good IdeaThe White House has proposed limiting the amount of student loan debt students can borrow. This has the potential to be a good solution to address excessive borrowing and the rising cost of higher education. I'll do you one better: cap interest to the national average 30 year fixed mortgage rate. My home loan was 3.25% for a 30 year fixed. My student loans? A mixture of 6.8 and 7.9% loans Make it merit-based on GPA and effort put into the school. Also have colleges cosign the loans so it's on their asses as well if the student fails. Colleges won’t like that ! They’ll have to lower prices !
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