Quote:
Originally Posted by graciegirl
Well said. I don't think people should be able to continue to get money for college loans if they are failing. I see people on Judge Judy who are in their thirties and forties and in a college program and using the money to take vacations and get botox.
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"....using the money to take vacations and get botox"
" When a borrower takes out a student loan,
the money is disbursed directly to the college, meaning the college receives its money immediately. The borrower then becomes responsible for repaying the loan. In the case of a federal student loan, the federal government is responsible for ensuring the borrower repays the loan in full."
How The Federal Government Could Control College Costs