Who's the biggest scam artist?
Uncle Sam.
Kids in college are given "financial aid" in the for of federally backed student loans - some over $20,000 per year. They are easy to get. No income required. And there are legions of undergraduates that are borrowing the max every year. It is not unusual these days to see kids graduating with a measley BA or BS and with $75-100K in debt. And, none of it can be discharged in bankruptcy. So, these kids will be paying for the rest of their lives. Victims?
I paid my student loan off early. The loan people thought I was crazy, and heavily hinted that most loans aren't paid back at all.
"Who's the biggest scam artist?
Uncle Sam."
Nonsense. BIG TIME. The biggest scammers are the "students" who borrow this with no intention of paying it back or going to school. The population of our campus would dramatically decrease after student loan refunds were dispersed. The two "predominantly black" universities in my state originated more defaulted student loans than all other universities in Louisiana COMBINED.
I got out of college with $3,200 in student loans. Blaming the government for people being sorry is easy but not accurate. I have no pity for those who chose to forgo work and borrow all they could to maintain their cushy, party-filled, high-school lifestyle while in college.
>Who's the biggest scam artist?
Uncle Sam.
Kids in college are given "financial aid" in the for of federally backed student loans - some over $20,000 per year.<
Why does college cost so much today? Is it the socialistic mindset of the average academic administrator, who welcomes nonsense majors, and classes that have nothing to do with making a living in real life?
That said, if the federal government didn't make these loans so easy to get, perhaps the colleges wouldn't put the cost of a Bachelor's degree up in the 6 figure realm.
I wonder to what extent the hyperinflation in tuition rates is fueled by the availability of these loans.
It is not unusual these days to see kids graduating with a measley BA or BS and with $75-100K in debt.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I am well aware of this but it might not be so bad except for the fact that at least a BA is now required for a young person to be able to live as well as a high school graduate could live when I was young. A degree used to be a ticket to a good solid middle class income, not just the minimum needed to survive. I see ads all the time requiring a BA or BS for jobs that could be done by anyone with an honest high school education.