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The real problem here is the way student loans are disbursed.. No credit checks and no plan needed on how to pay that debt back when it comes to repayment. There are lots of phony schools who bring in students for their financial aid money then leave them with little education and a degree worth nothing. Once this bubble bursts I guarantee that students will be required to have a co-signer and be in a STEM type field. What do you think will happen to the current students in repayment when this bubble bursts?
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[–] voat- ago
The real problem here is the way student loans are disbursed.. No credit checks and no plan needed on how to pay that debt back when it comes to repayment. There are lots of phony schools who bring in students for their financial aid money then leave them with little education and a degree worth nothing. Once this bubble bursts I guarantee that students will be required to have a co-signer and be in a STEM type field. What do you think will happen to the current students in repayment when this bubble bursts?