Elizabeth Warren: Why is the Government Backing Expensive Private Student Loans?

[abelenkpe]

2. Financial aide used to mean exceptional students

Qualified for scholarships and grants. Today that means they qualify for student loans and a lifetime of indentured servitude.

Do Not Let Your Children Take Out Student Loans!

If you do make sure you pay the interest that accumulates before graduation and before they begin working a steady job. Otherwise the amount they take out can quickly rise.

The fact that most cannot send their kids to school without assistance illustrates that higher education is too expensive. As much as I love Elizabeth Warren and support her attempts to call out the injustice of students loan rates what is really needed isn't affordable loans but affordable education much the same way during the housing bubble people didn't really need affordable loans, they needed affordable housing. While I hope she is successful in lowering the rate for current students something needs to be done to make college more affordable. Also really need to do something about the millions of graduates struggling with the outrageous debt. So much to do....