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Political Discussion
Reply to "WTF? Govt rewarding bad behavior Part II"
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[quote=Anonymous][quote=Anonymous]How about we just let people be responsible? If you take out the loan, your repay the loan. Why is that so difficult for some people to stomach?[/quote] People biting off more than they can chew in record numbers makes the system collapse. Financial aid/loans are not subject to credit checks or max. lend amounts. They will keep handing it out. The schools don't care..more $ for them. That is why tuition rates have been rising exponentially...like a rocket trajectory. Just allowing loans in any amount to anyone is on a path to make college unaffordable for anyone to pay the full amount (even those of us that have been socking it away in 529s, etc since our kids were babies). Tuition will keep going up because schools know people will continue to borrow in record amounts. I think America has learned that is impossible to keep the majority 'responsible' in the materialistic society in which we live.[/quote]
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