> We need to stop giving out easy loans to anyone who asks.
Right, by not having student loans backed by the federal government. As it stands now, if you put glasses on a dog he could get a student loan because lenders have no incentive to scrutinize the debt. The federal government collects for them.
We're pushing people with absolutely no financial experience and no financial training to sign up for debt they can never get rid of without what's effectively economic indentured servitude.
Right, by not having student loans backed by the federal government. As it stands now, if you put glasses on a dog he could get a student loan because lenders have no incentive to scrutinize the debt. The federal government collects for them.
We're pushing people with absolutely no financial experience and no financial training to sign up for debt they can never get rid of without what's effectively economic indentured servitude.