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originally posted by: eManym
If they can't get the money from the students, if its a government loan, they will go to the parents of the student, which in many cases will require the parents to mortgage the house to pay it off.
originally posted by: netwarrior
I got news for you, pal. Its a scam and some of us fell for it because we had parents and teachers that drilled the mantra "you will be nothing without a degree" from day one of first grade.
Couple that with colleges using every underhanded trick in the book to squeeze more money out of you (like required texts that you never use, the neverending deluge of fees, required classes that are only offered once every other year..if you have a scheduling conflict with another class thats tough noogies) in the faint hope that you wont have to flip burgers or wade in human excrement (i've done *both*) for a pittance.
I would love to buy a house or a car and actually contribute to the economy but no, after my student loan payments and single/no kids income tax/medicare/medicaid liability half of my income disappears like dust in the wind.
Step down from your ivory tower and direct your scorn to where it belongs.