In today's environment my personal "guess" is that far too many who apply for a student loan have one objective....to get the money. They fully expect that someone/something will bail them out before the loan comes due. That not paying the loan has become the norm.....crying how can one be expected to make these payments when we have all these "other" obligations to live.......or something like that.
They are smart enough to know the obligation that comes with a loan to get that new car....they also know not paying has a consequence....somebody will come and get the car.
Student loan obligations have no threat or consequence.....
All my opinion as one who had to work full time while attending college and paid their loan back over the contracted 10 year period.
Hence....no excuses....no student loan bail out...quit crying....meet the committed obligation.
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