By Jane L. Johnson
The student loan program not only is saddling young people with huge debts, but it also encourages colleges and universities to charge higher tuition.
This is a big problem, even with my generation. We didnt realize how much debt we would be taking on. Then the economy has been rocked so many times.
reply
You'd be shocked if you knew the degree to which college administrators and faculty knowingly admit and retain students who have no shot at finishing, just to keep the financial aid revenue flowing.
It's really sick.
reply
Is it really that high? I dont think financial aid should ne given to some subjects...some need to die out.
reply
It depends on the institution, but at open enrollment universities and community colleges it can be really alarming.
reply
Some majors like womans studies, psychology, and communications.... Pretty worthless majors.
reply
I agree, but that's a different issue. At time of admission, schools have a very good idea of a student's odds of completing a degree. They wildly mislead low probability students about those odds and then encourage them to take on as much financial aid as possible.
reply
I remember starting my major with 93 students, was down to 29 by the time we graduated.
reply
That’s pretty much the norm