Quote:
Originally Posted by kp11364
To me, a "loan" (student or otherwise) is borrowing something that is not yours that you have agreed to return at a specified time with recompense to the lender for depriving him/her of that something.
And you need to use the "R" word (responsibility) and (gasp!) common sense. If you take out a student loan with a major of Etruscan dance therapy, don't expect me to feel sorry for you if you can only get a job as a dog walker. YOU made that decision and YOU signed the agreements.
Similarly, the previous entries with the MBA graduates who have to put off buying a house or giving up their "dream car" I don't feel sorry either - don't spend more money than your expenses and if you have to put off a big-ticket item, so be it!
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If you got a loan for a major in Etruscan dance therapy, and when you look for a job in the field all the employers tell you "we don't honor degrees from THAT school anymore because that school no longer has accreditation with any educational organization and have been deemed fraudulent" - then you should not have to pay back the loan. The school should have to pay back the loan. They're the ones who have the money, who committed fraud, and cheated both the student and the lending group.