The Government Profits from Student Debt Defaults

Alex Tabarrock:

The government has also made sure that many laws, such as the Truth in Lending law, do not apply to student loans.

Some student debt can make sense but when 40% of students drop out of college, when even the graduates do not graduate with the degrees that pay and when the job market is weak, student debt can be life-crippling:

Posted by Jim Zellmer at August 25, 2013 12:30 AM
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