Universities peddle degrees that may or may not be worth the cost.
Therefore, universities should be liable to cover student loan defaults. Since they make money on tuition.
Universities need to take responsibility for their products and their accepted students, NOT THE TAXPAYERS!!
We need a new LAW that puts university endowments on the hook for student loan defaults, to be reimbursed as the loans are paid back over time.
The endowments pay the bad student loans so the Federal Budget does NOT have to borrow more to cover them.
Therefore, universities should be liable to cover student loan defaults. Since they make money on tuition.
Universities need to take responsibility for their products and their accepted students, NOT THE TAXPAYERS!!
We need a new LAW that puts university endowments on the hook for student loan defaults, to be reimbursed as the loans are paid back over time.
The endowments pay the bad student loans so the Federal Budget does NOT have to borrow more to cover them.