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.
http://www.cnbc.com/id/45040668
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.
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