Student Loans should not be a target for a government takeover! May 8, 2008
Posted by baxtersbrother2 in Accounting, Economy, Election 2008, Social Discourse, US Government.Tags: Government Regulation, NYTimes, Student Loans
2 comments
There is an editorial in The New York Times regarding the student loan issue. Student Loans are a huge issue, but a government takeover of the student loan industry is NOT the answer. The nation is investing in the future, not trying to get rich off of loans. There needs to be better education regarding what the borrower is agreeing to and money needs to be freely available to invest in the future. An educated workforce empowers the nation. The third party lender is one that handles the administrative functions of the loan. They loan the money, but it is guaranteed against default by the government! It would be in the lenders best interest to invest in the future because they will be hiring those individuals in the future as well as lending money to those individuals.
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