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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)

Posted on 6/17/19 at 10:34 am to
Posted by NIH
Member since Aug 2008
112767 posts
Posted on 6/17/19 at 10:34 am to
The government needs to get out of the student loan business - the situation is not sustainable. Tuition at UL-Lafayette has shot up nearly three times what it was when I started back in 2011. Three fricking times. And that is with likely less professors and course offerings than back then. I can only imagine how bad it’s getting in other areas of the country.
This post was edited on 6/17/19 at 10:34 am
Posted by Tchefuncte Tiger
Bat'n Rudge
Member since Oct 2004
57394 posts
Posted on 6/17/19 at 10:36 am to
quote:

The government needs to get out of the student loan business - the situation is not sustainable.


I believe they weren't until the Obama years. The government guaranteed student loans, but weren't the actual lender.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37171 posts
Posted on 6/17/19 at 10:46 am to
quote:

Tuition at UL-Lafayette has shot up nearly three times what it was when I started back in 2011.


Part of that is the loan situation, and part of that is less state funding.

Bobby J tried to force colleges to cut costs and stop wasting money by funding them less (in an isolated situation, not a terrible policy at all). However, all the colleges did is raise tuition, not cut crap, and allow loans to cover the higher tuition.
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