The solution is easy: stop offering federal student loan guarantees.
The bloated college system collapses and we get more sensible college rates.
But...the school NEEDS a $100 million dollar gym. //sarc
With this, the schools will just hike the cost more!
Why not? The feds paid up before, suckers attended willingly, and now they will have a guarenteed money line because these schools arent going to indoctrinate for free.
I paid my tuition in cash at the bursar’s office. Took me seven years to graduate, but I walked out without debt
Schools should endorse the loan. If the student does not pay, the school does.