10-21-2015, 08:05 PM
(10-21-2015, 03:45 PM)StLucieBengal Wrote: So when they are defaulted on, which as you say it's high, the gov subsidizes the banks and they still smash the borrowers credit rating.
School loans are crushing people. The amount of debt racked up by graduation is obscene. We would be better off if loans were not subsidized by the gov. Tuition rates would drop. schools would allow more creative payment plans. They should also drop the general Ed requirements for a degree. Those are in there to just add cost to the students anyway.
There are good reasons to subsidize student loans, namely because investment in the nation's economic future is paramount to competing with other nations. But I realize you don't believe the government should invest in anything that actually makes a return and instead should only throw money endlessly at the military, so...
