Re:Defrauded students to receive loan forgiveness
by IG_Semmelweiss on Friday March 19, 2021 @07:08PM
(#26519087)
therein lies the rub.
There is essentially no risk for these loans because they are backstopped by taxpayers.
These loan sizes increase, the cost of tuitions increase.
Everything else that is open market loans, have no such growth pattern.
I fail to see the benefit of all this spend when the consequence is a bunch of PHDs ... working as teachers at profit AND nonprofit Universities, to produce more diplomas en masse so we have more university-degree retail associates and social media managers (if not unemployed 23yr olds).
You have to question why is it that no one would pay 25K in tuition if you had no ability to get loanable funds.
Hint: there's no real market for it.
There is essentially no risk for these loans because they are backstopped by taxpayers.
These loan sizes increase, the cost of tuitions increase.
Everything else that is open market loans, have no such growth pattern.
I fail to see the benefit of all this spend when the consequence is a bunch of PHDs ... working as teachers at profit AND nonprofit Universities, to produce more diplomas en masse so we have more university-degree retail associates and social media managers (if not unemployed 23yr olds).
You have to question why is it that no one would pay 25K in tuition if you had no ability to get loanable funds. Hint: there's no real market for it.