Wednesday, October 26, 2011

Raise the Roof

Yes, I have taken a hiatus from the blog, but I had to add a tidbit to remind myself of a few things later.

Here are my thoughts on the Government overseeing the student loan industry.

- Government makes it easier to get school loans
This leads to:
- More people taking out loans
and leads to:
- Rising school costs...why not raise the price, if people can afford it, then the schools will take what they can get.

This is not how things should be done. It is dangerous for the schools to become reliant on inflated tuition rates, and when the government realizes that over-spending is acutally a problem and cannot be continued indefinitely; the loan aid will go away and no will be able to afford college.