Quote:
Originally Posted by OrangeBlossomBaby
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.
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This has been a sticky subject for a lot of people. I understand the idea behind it. But you bring up a great point. Not all student loans are created equal. Also, if it’s the interest that’s killing them, then do something about that. College isn’t free and it’s insulting to the thousands of people who couldn’t afford to go and couldn’t’ get a loan. Not to mention the ones who paid their loan off.