Why not? That's what our government does. Remember what had a biog part in the housing crisis about 15 years ago? People that bought houses they couldn't afford. What did the government do?
"WE'LL PAY IT FOR YOU!... (WELL, really, the taxpayers who DIDN'T buy something they couldn't afford.)"
No, you were told that ages ago. The reason student loans were made available to everyone is because the government said they would be guarantor for them.
Normally, a bank weighs the risks before granting a loan. Student loans? The government will pay, so there is no risk.
Now the government is saying it will actually do (some) of what it promised to do.
Don't be mad at the people who made bad choices because they were lied to.
Be mad at the con artist and the system that enabled them
(To be clear, that's the student loan companies, the colleges, and most of all the government).
I worked my way through college, two working useful degrees, and paid every penny of it myself. No student loans, no grants.
Now I'm being told that my taxes will increase to pay for someone else who took out student loans they can't pay back?
Why not? That's what our government does. Remember what had a biog part in the housing crisis about 15 years ago? People that bought houses they couldn't afford. What did the government do?
"WE'LL PAY IT FOR YOU!... (WELL, really, the taxpayers who DIDN'T buy something they couldn't afford.)"
What tax is increasing? And who told you?
No, you were told that ages ago. The reason student loans were made available to everyone is because the government said they would be guarantor for them. Normally, a bank weighs the risks before granting a loan. Student loans? The government will pay, so there is no risk. Now the government is saying it will actually do (some) of what it promised to do. Don't be mad at the people who made bad choices because they were lied to. Be mad at the con artist and the system that enabled them (To be clear, that's the student loan companies, the colleges, and most of all the government).