Yet another example of making something affordable and yet, well not IMO.
IMO there is no better example of how government getting involved can truly fubar a situation beyond recognition.
I would never steer my child into accruing those kind of outlandish debts that are almost impossible to get out of and really I fail to see much difference between loading up a kid with debt and pimping them out, all done with the approval of our leaders.
It's a rotten shame IMO.
I fully realize that in some cases it does work, ie it can be paid back but there are almost no safeguards in the system, if you want to rack up 200k of debt as an art major, they won't stop you and they should, for the love of ....
Kids are not savy enough to be trusted with those kinds of numbers and they never would be if it were not for the government backing of it, no one in their right mind would lend that much.
Someone has to put a paper and pencil to it and say no more.