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re: At least half of students defaulted or failed to pay down debt within 7 years
Posted on 2/22/17 at 10:23 am to GreatLakesTiger24
Posted on 2/22/17 at 10:23 am to GreatLakesTiger24
quote:
Thoughts
Offer a dumb 18-22 year old a government backed loan he doesn't have to start paying until after he graduates and tell the school that they can charge whatever they want because there is no limit to the loan amount and you end up with some serious issues.
Schools need to tighten enrollment and evaluate waste.
With 100% approved government backed loans schools have become bloated in every aspect.
And you get kids coming out into a job force expecting years of experience.
You can't take an entry level job making 40-50k if you have 20k a year loan payments which leads to all kind so other problems.
This post was edited on 2/22/17 at 10:27 am
Posted on 2/22/17 at 10:37 am to Breesus
quote:
You can't take an entry level job making 40-50k if you have 20k a year loan payments which leads to all kind so other problems.
No one should have 20k/year in loan payments if they are making 40-50k. They can do 10 or 12% I believe
This post was edited on 2/22/17 at 10:41 am
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