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A comment on White House Might Put Colleges on the Hook for Student Loans. Parent comment

Re:White House Might Put Colleges on the Hook for Student Loans by dragonwriter on Tuesday March 12, 2019 @04:24PM (#19372622)
> Students would not qualify for loans if they were not guaranteed by the government

Student loans existed before government guarantees, and all non-direct loans issued now lack government guarantees, so the evidence is that this claim is false.

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Re:White House Might Put Colleges on the Hook for Student Loans by AimForTheBushes on Tuesday March 12, 2019 @04:28PM (#19372659)
Just because it used to be that way doesn't mean it would be that way now.
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Re:White House Might Put Colleges on the Hook for Student Loans by dragonwriter on Tuesday March 12, 2019 @04:32PM (#19372709)
It is that way now, which kind of guarantees that it would be that way now; there are no government guaranteed private loans issued now, they were replaced with direct government loans; the only student loans today are private loans which are not guaranteed by the government and direct loans. And private loans continue to be issued.
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Re:White House Might Put Colleges on the Hook for Student Loans by twblalock on Tuesday March 12, 2019 @04:41PM (#19372790)
Those private loans are harder to get and come with significantly higher interest rates. If they became the only loans available, vast numbers of students who are already enrolled in college would be forced to drop out.
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