[jimfree]

Hallelujah. I believe I’ve found another suitable charity.

[Alex Murphy]

(Reuters) - A private, four-year Missouri college is so concerned about mounting debt of college graduates in the United States that it no longer will take students who insist on taking out loans. The policy on loans set by College of the Ozarks, an evangelical Christian school of 1,400 students located in a rural area near Branson, Missouri, may be a national first, according to Roland King, vice president for public affairs at the National Association of Independent Colleges and Universities.

I wasn't aware that they took students with loans before.

[TYVets]

At College of the Ozarks, nicknamed Hard Work U,

This has been the policy at the school for decades.

[yefragetuwrabrumuy]

The student loan scam bubble is awful. Not only are the loans issued with terrible interest rates, but often kickbacks are being made to the schools to steer students to particular lenders.

And then Obama nationalized most student loans, which made a bad situation far worse.

What I’m looking forward to are when some states forbid it for their state universities. That could cause not only the student loan bubble to collapse, but the bloated education bubble as well.

[BobL]

“College of the Ozarks...no longer cooperates with students or banks in covering costs of attending college with a loan, Davis said.”

What worries me here is that the debt industry will come up with another method to verify enrollment, such as having the kid show up at one of their offices, log-on to the school, and show the loan shark that he’s really enrolled.

They won’t go away quietly, when the see fresh meat for the taking.