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[quote=Anonymous]The crux of the matter is that the federal government should not be backing student loans in the manner of the past 10 years. Students are allowed to get almost any amount in loans, and they are not told, “no, if you want to study Celtic folklore, you are not allowed to take out $200k of loans”. Universities are not backstopped in any meaningful way from increasing their tuition. Runaway tuition and runaway student loans have fed each other, and there have been few checks or balances in the setting of frequent relief (both Biden and Trump prolonged the grace period). Until now.

It might have been on dcum where a new parent said even if they added $600 monthly to a 529, they would still be one year short of funding college tuition for their 6 month old.

I hate to say it, but the government needs to tighten their leniency, cap loan amounts, and allow  private banks to back more. Private college loans are the worst, but they will discourage students from taking on too much debt. A visit to the Facebook or Reddit student loan groups is very sobering. There are many who cannot get on top of the payments. It’s a mess. [/quote]

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