Student Loan Payments to Get Cut in Half in July

Boss 302 said:
It would be a huge help to students if the government put limitations on student loans. For instance, student loans can be awarded to cover 75% of the cost of tuition and nothing else. It wouldn't harm students to work part-time while they go to college.
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Even better....the govt should get out of the student loan business completely. Last I checked, there isn't anything in the constitution about the fed govt providing or backing student loans. Going to college and need a loan....call your bank.
 
cptlo said:
Even better....the govt should get out of the student loan business completely. Last I checked, there isn't anything in the constitution about the fed govt providing or backing student loans. Going to college and need a loan....call your bank.
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Especially given what college has become. Many of these "educations", whether having earned a degree or not, are nearly worthless.

So all that money spent for nothing.

Many of these students would have been far better off learning a trade or going to tech school on the cheap.
 
The Sound Guy said:
Also the EZ money of loans has allowed the schools to raise costs WAY above inflation.

My first quarter of school in 1980 was $192.00.
Eight years later it had doubled to $380 or so a quarter.
My kids were facing 4K to 10K as semester.

Ridiculous.
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And lottery funding. College is big business these days.
 
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