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).
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).