Since defaulted loans are a net gain to the government and its collection agencies, they have no incentive to moerate school prices. High prices means higher loans. Higher loans means more defaults and more profit for everyone. This has allowed school tuition to rise at twice the rate of inflation and four times the rate of wage growth… So we have a debt larger than all of our credit cards, more toxic than subprime mortgages and a nightmare to recover from. It’s a grim outlook for the next generation of students.

Read full article [here].
by Staff, College Scholarships.org.

Posted: September 3rd, 2010, by: admin. Categories: . Awaiting Comments.