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[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]
A million times this. We would not let used car companies behave this way with $5k loans but we let non-profits put people in debt for life. And for all those people who say don’t go to expensive colleges or grad schools, cheap ones are very hard to find, and often cheap for a reason. In-state colleges in Virginia are out of reach for the middle class - are people without rich parents not supposed to go to college? There are no cheap med schools, and the only “cheap” law schools are so low ranked that you will never get a job. My in-state “cheap” law school tuition doubled in the 3 years I was there. It’s much worse now. And I say this having paid my student loans in less than 10 years through a combo of scholarships, lowish tuition to start and high paying jobs. But I’m aware many smart people were not so lucky.[/quote]

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