Student Loans is a financial issue, not an education issue. Under the Department of Education, Student Loans have gotten out of control to the point your side is pushing the taxpayer to pick up the tab. That is wrong! It is the responsibility of the student and/or their parents to exercise some control when taking on a loan.
Where was the regulator or authority over the last 25 years when students were taking out loan $250k-$300k in loans to go study at a private college in another state in a major for which there is little or no market in the job market?
This needs to be cleaned up. If you are going to ask the taxpayer to bank your loan, there needs to be boundaries:
- first two years at local community college
- Years 3 and 4 at an in state university.
- Major in a field that aligns with job demand.
- Technical and trade schools are a definite plus given their affordability and alignment with job market.