Which is another reason we should totally re-design how we think about kids and college.It played a part?? A PART??
It could not have happened without it. PERIOD. Impossible.
It is also the precise reason colleges got into the real estate business.
No student is going to pay $900 - $1000 a month for a tiny bedroom, a shared bathroom and a shared small living space with 3-5 other students - UNLESS - it is paid for by the government. And that is exactly what is happening. Colleges are making astounding profits off of their own students via charging them exorbitant rent for tiny spaces. Which is exactly why colleges all over America have invested in building more and more quad apartments.
The federal government should have NOTHING to do with student loans
They should be like any other loan. PERIOD. CAR, CREDIT CARD, PERSONAL LOAN, HOUSE, BOAT, MOTORCYCLE, PAYDAY ADVANCE. ANYTHING. The loans should have zero to do with the FED.
www.usmessageboard.com
This plan would get past the college loan program, the predatory lenders, the ridiculous fees, etc...