One of the biggest problems with the student loan scam is colleges have no skin in the game—the schools can suck the student in, drain all the student loan money, and spit the student out with no penalty to themselves. That’s pretty much the business plan of half or more of colleges in our country […] … learn more→
Tag Archives: risk sharing
Penalize Colleges for bad student loans?
Student loans and ‘risk-sharing’ – the problem with penalizing colleges when graduates can’t pay
When a student borrows money from the government to go to college and then has serious trouble paying it back, should the college be on the hook to help pay back the government? That question lies at the heart of a proposed idea known as “risk-sharing.” The idea is currently being considered by President Donald Trump. […] … learn more→