Thanks for posting those articles CAR. Yep, I agree with you that the ease and vast availability for the typical college student to get these massive student loans is what causes these colleges and universities to keep driving up prices.
These banks and lenders are almost totally protected with the way the laws are set up. And they want to dole out as much as possible.
I also think that students taking out student loans should be required to go through some mandatory class that explains the student loans, understand the payment schedules and interest rates, etc.
So many students are clueless and don’t even know what interest rates they are paying on their many loans.
