Political Junky
Gold Member
- May 27, 2009
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I think you're right. Increase that divide between rich and poor. Cons love that idea, even though most aren't wealthy enough for it to do them any good. It helps out their rich leaders though.Banks require collateral for loans.
Student loans have been backed by taxpayers for years. (One of the big causes of education inflation, btw - too much easy taxpayer money).
Students lack a borrowing base and income qualification - won't work, especially with the new regulations and capital requirements being put in place.
but their mommies and daddies have the collateral and the borrowing power.. stick it to those suckers in dc who think they can dicate who the fuck you will or will not borrow money from..
so only people with well off parents should be allowed college? what if your parents credit is bad which generally isn't because of hte kid's action?