The government has taken over the student loan program so the taxpayers will be the ones who take the risk and lose whatever debt is excused. Thew government is now the main lender.
I knew that I would a certain amount of grief for my post.
I have a son that did a stupid thing and will be paying for it all of his life.
A scam/sham school loaned him $90,000 for a 2 year associates degree in “Recording Arts” when he was 18 years old.
It just strikes me as odd that a person can do a stupid thing...
and borrow more money than they can afford to pay back for
houses,
cars,
boats,
businesses,
or just general unsecured credit card debt,
and they are allowed to file bankruptcy and be forgiven of those debts,
but if a person does a stupid thing...
and borrows more money than they can afford to pay back for a student loan, there is no relief available for them.
Geese and ganders should have the same sauce, that’s all I’m saying.
I see the whole blooming thing as a big scam run by a bunch of grifters.