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The Water Cooler
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Just found this on yahoo. Student loan forgiveness
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<blockquote data-quote="vvvvvvv" data-source="post: 1645591" data-attributes="member: 5151"><p>This.</p><p></p><p></p><p></p><p>And this.</p><p></p><p></p><p></p><p>Tuition increases dramatically like clockwork every year because of one reason: people will get the loans for it regardless of whether or not they can afford it. The college sees the $$$, and they get the $$$ regardless of whether or not you pay your loan. The college assumes ZERO risk on your education - only the rewards of the agreement that you sign. Perhaps the <em>colleges</em> themselves should be responsible for providing student loans, or at least they should assume some level of risk since their financial aid office likely advised you to take out the loans to pay for school.</p><p></p><p>Maybe then, colleges might exercise a certain level of responsibility by taking a vested interest in the product that they are providing to you. As it is right now, it doesn't matter if funding from other sources (i.e. the state) gets cut or if enrollment drops - income is guaranteed to increase through tuition. If the tuition can't get approved, then course-specific fees are assessed.</p><p></p><p>Another question people need to ask themselves is if they even need to go to college for what they want to do. I'm not saying that people should not go to college, but in many cases college isn't really a requirement - even if the job description in the advertisement specifically calls for it.</p></blockquote><p></p>
[QUOTE="vvvvvvv, post: 1645591, member: 5151"] This. And this. Tuition increases dramatically like clockwork every year because of one reason: people will get the loans for it regardless of whether or not they can afford it. The college sees the $$$, and they get the $$$ regardless of whether or not you pay your loan. The college assumes ZERO risk on your education - only the rewards of the agreement that you sign. Perhaps the [I]colleges[/I] themselves should be responsible for providing student loans, or at least they should assume some level of risk since their financial aid office likely advised you to take out the loans to pay for school. Maybe then, colleges might exercise a certain level of responsibility by taking a vested interest in the product that they are providing to you. As it is right now, it doesn't matter if funding from other sources (i.e. the state) gets cut or if enrollment drops - income is guaranteed to increase through tuition. If the tuition can't get approved, then course-specific fees are assessed. Another question people need to ask themselves is if they even need to go to college for what they want to do. I'm not saying that people should not go to college, but in many cases college isn't really a requirement - even if the job description in the advertisement specifically calls for it. [/QUOTE]
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Just found this on yahoo. Student loan forgiveness
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