- Nov 29, 2008
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Certified 'stupid' degrees? Their parents failed to teach them that one should not overload their ass with debt while starting out what or where they may possibly wanna be in life.[
I guess they're funded by magic.
They are funded by tuition from the student.
The GSL means that the taxpayers pick up the tab should the student default on their loans, but that is as far as taxpayer funding goes in the vast majority of institutions.
The college gets paid somehow... They don't wait until the student starts paying back the loans to get their money. The taxpayer pays the college and then gets paid back by the student, and then if the student defaults, they're on the hook for the default.