The point of the numbers is that getting a student loan is easy. Too easy.
You know who knows that the money is easy better than anyone ? The schools that are taking that student loan money in tuition. Which is exactly why they have no problems raising costs for tuition each and every year.
Why wouldn’t they act in the same manner as real estate agents acted during the housing bubble? Raise prices and easy money will be there to pay your price. Good business, right ? Until its not.
I have been yelling this from the top of my voice for over a decade. It is a travesty that is wrapped in a sanctioned criminal behavior.
Just remember that these people, these greedy, greedy people, are wanting to get more and more power in our lives.
They have too much now. They need to go.