Following is an excellent article outlining the state of student loans. You really should take a look. Here is yet another example of government programs out of control with no structure to achieve reasonable goals and no monitoring of results or controls on utilization to assure taxpayers are getting value for their money.
You decide where to attend college, you decide what degree to pursue, you decide how many degrees to obtain … and somebody else picks up the tab.
Nobody asks the hard questions, nobody asks for accountability. We simply assume a college education is good and the more the better so we remove incentives for people to care about costs or quality or the appropriateness of this spending. Liberals and the young lap this up, Bernie Sanders pushes more of the same and those of us who question the logic of all this are the bad guys insensitive to the needs of society, yeah right‼️
Now I get it. If you only approach education like health care, you can always have more because more is always better. If you are among the liberal left and you think there is no problem with all this, I sure would like your comment explaining why.
Virginia Murphy borrowed a small fortune to attend law school and pursue her dream of becoming a public defender. Now the Florida resident is among an expanding breed of American borrower: those who owe at least $100,000 in student debt but have no expectation of paying it back.
Ms. Murphy pays just $330 a month—less than the interest on her $256,000 balance—under a federal income-based repayment program that has become one of the nation’s fastest-growing entitlements. She plans to use another federal program to have her balance forgiven in about seven years, a sum set to swell by then to $300,000.
The promise of forgiveness is “the only reason I would have ever considered” amassing so much debt to attend Tulane University Law School, says Ms. Murphy, 45 years old. She earns $56,500 a year as an assistant public defender in West Palm Beach.