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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When can we crack down on universities that are literally making a killing at the expense of creating an entire these indentured servants?  There should be a limit on grad school loans otherwise schools will continue to charge people these ridiculous Monopoly money tuition amounts underwritten by fed loans so guaranteed that they can jack up their administration sizes and salaries.  Any school financial aid officer that allowed someone to take out over 100K in loans should lose their job!  Banks would not be loaning this money if it could be discharged in bankruptcy.  It has become the new debtor's prison, and we taxpayers are underwriting it all.  It's disgusting.

OP isnt the only one who got caught up in a very cynical system in our country, and we all need to look carefully at how middle class kids are being Shuffled through the it and preyed upon by these supposed 'non-profits.'   As a child of middle class parents who otherwise wouldn't have made it to the ivied it breaks my heart to say this but I think we may need to do away with the federal student loan system entirely if that's what it takes to break these mafia corporations masquerading as universities.  [/quote]

Hear hear.

What I frankly don't get is why student debt exploded under Obama. Did some policies change, or was it just because many folks didn't have jobs and went back to study?[/quote]
? I don't think it would've mattered who was POTUS. Do you honestly think Obama directly caused it?  Did he cause Trump U, then, and how Trump cheated people out of their money?  I don't know why you turned this into politics.  But since you started it..

DeVos wants to allow for more unaccredited schools like Trump U to get funding.   Obama's DOE went after them for being crooks.

https://www.chronicle.com/article/DeVos-Gives-Controversial/243028
[quote]
The U.S. Department of Education said Tuesday evening that a controversial accreditor, which had lost its federal recognition in 2016, would again be eligible to serve as a gatekeeper of financial aid.  The department restored the recognition of the Accrediting Council for Independent Colleges and Schools, which oversees primarily for-profit career colleges. That means that more than 100 colleges still accredited by the council will remain eligible to receive federal student aid, for now. It also means that the council, commonly known as Acics, will not have to face a federal advisory panel in May as part of the process to regain recognition.[/quote][/quote]

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