We have people paying off court fines and probation fees with students loans. And I can’t say as one has ever attended college. They get the money and spend it knowing they will not attend school. Disgusting by true. And they are not shy about the source of the money, either.
There is also a constant, underlying message since Obama was elected that these should be “forgiven”, and I am sure this administration is working behind the scenes to make this happen.
These kids (I believe) truly think they will not have to pay it back. Look at all the people who walked away from their under water mortgages 5-6 years ago, thinking there would be no consequences. Where did they get that idea?
And is it catching up with these people? I don’t know, because the news says nothing. It used to be a disgrace to be foreclosed on, and there were penalties in that your credit was damaged for years. Is that true today? I don’t know.
Some stay in school because they want to keep getting the money. They don’t wat to have to settle for a job. They’re too good to have to work.
Many are 25-28 and have never had a job. They’ve got two degrees and are ready to start at the top. They know everything because they have a political science degree but can’t find work because no one wants to hear them pontificate all day.
I went to a college that ran on the "quarter" system, three three month quarters and then an optional three month summer break. Just before starting the break, a classmate, Mr Goldner went to the financial aid office and took out a large student loan. He returned three months later with a golden tan and driving a brand new car. He then went back to the financial aid office and took out a another large student loan, and they gave it to him.
This was going on in the mid 1960's, nothing new here, some people are born scam artists.
Regards,
GtG