The loans are part of the reason college is so expensive in the first place. It's a jacked up system. It needs to stop. The government should not be in the business of student loans. If private banks want to make these loans fine, just deal with it when they default, no bailouts!!!
The loans are part of the reason college is so expensive in the first place. It's a jacked up system. It needs to stop. The government should not be in the business of student loans. If private banks want to make these loans fine, just deal with it when they default, no bailouts!!!
The first guy in this story got his bachelor's degree in philosophy and then when he couldn't find a job with sterling qualifications like that (hard to believe I know), he went back to school (thus piling up even more debt) and got a master's degree in comparative literature, for god's sake. Now THAT was an even more brilliant choice than philosophy in terms of expecting to get a good job, right? I'd say with degrees in those fields, your career path would basically be McDonald's. This guy's inability to get a job was self-inflicted.