In response to:
Interesting! Can it be that townhall.com readers are having problems with the idea that the market will regulate everything? I am retired and on my pension I am sending two daughters to German Universities for a couple of hundred dollars per semester (Unlike the rest of Germany, Bavaria has a token matriculation fee).
What self-respecting parent would give their kid a credit card if they knew they were going to max it out and not be able to pay it back? Hopefully, no one. In fact, as a responsible parent you would probably teach your children the opposite habit--responsibility.
This paternal irresponsibility is what is occurring on a larger scale with the federal government and the student loan industry. President Obama has earned himself a failing grade in responsible parenting.
FICO released a new study that analyzed 10 million credit files to find trends within the student loan industry. The group concluded...
justifiably leftists, likely being overworked and underpaid, as most professors everywhere are.
justifiably leftists, likely being overworked and underpaid, as most professors everywhere are.