Quote:
Originally Posted by JGVillages
Since the Federal Government guarantees Student Loans colleges will continue to raise tuition without consequences. If the student does not honor the loan then the Government (aka us taxpayers) will. Sort of a hybrid Ponzi Scheme created in Washington by our lawmakers who by the way vote their own salary increases.
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The Federal Government doesn't guarantee student loans, they make the loans. As understand it, banks are prohibited from making Government student loans anymore. They are loans made directly from the Federal Government, unless they are private loans between the student and the bank.