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re: Student loan debt just topped $1.52 trillion

Posted on 5/21/18 at 10:55 pm to
Posted by TigerOnThe Hill
Springhill, LA
Member since Sep 2008
6812 posts
Posted on 5/21/18 at 10:55 pm to
quote:

Agreed, schools have figured out there is no limit on Federal loans so they can raise prices at will.


1+. As it stands now, the colleges and universities get as much money as they want by means of the federal government masking outlandish loans to college students. The colleges and universities get their money, the federal governmnet gets their power and beauracracy and the student..........gets the shaft.
Posted by rivermonsters87
Member since Apr 2018
76 posts
Posted on 5/22/18 at 1:31 am to
They have made college inaccessible for the middle class. (As in, graduating without debt.) The demand is high because of the false promises of a better life with a degree; however, a degree does not change a persons intelligence. Many programs have been dumb down in order to keep people who should have never been allowed in, in. For-profit colleges have jumped at the opportunity to enslave kids who would have been better off in a trade school. Most of our Universities care more about their football brand than student success. Every year, European students are scoring higher on intelligence tests than Americans but graduate with no debt. In Germany, only the brightest can enroll in college (for free) and only about 50% of them are able to graduate because of the challenges of the academic rigor. Germany doesn't mind paying the bill for the truly bright;however, will not waste money on people who should have never been admitted, like in the U.S.A. Universities for-profit and non-profit alike are damaging our future economy based on false assumptions of a better life. Many of the students, who should never have been admitted, are graduating with useless degrees and lack of program accreditation. The lack of their research into the program for which they enroll, suggests they should not be in college.
This post was edited on 5/22/18 at 1:34 am
Posted by theicebox
Member since Oct 2017
710 posts
Posted on 5/22/18 at 8:57 am to
How Do i start Shorting the Student loan debt, Like the guy did with the subprime mortgages
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