Posted on
November 1, 2008
at
5:08 am
The student loan crises is far from over and requires your attention. Looking at the list of infractions by student loan offices is absolutely sickening. A recent article explains the how the cost of tuition contributed to the student loan scandal and of course how human greed did as well. Loans volume became an increasingly lucrative stream of cash. Today, the student loan market is an $85 billion business.--------------------Sally
Posted on
November 1, 2008
at
2:42 pm
There is a crazy amount of greed out there! As noted
here, my student loans equaled $23,000! It by far my highest debt, and I did some stupid things with money! All this taught me a lesson, however. Schools (k-graduate) do not teach kids about real world issues. When was the only time I heard about greed? When our high school quarterback tucked the football instead of pitching it on an option play. Did I get taught about loans and how banks make money? Yes! What I did not get taught was how the people offering the loans in those institutions get there money!My basic point is... Parents need to step up and introduce their kids to the real world. It is not this happy-go-lucky world that I was introduced to in school. Please, teach your kids to stay out of debt and the world, as viewed through their eyes, will be a better one!