<p>All of these issues really dance around the fact that college, officially for profit or not, has just become another racket to separate people, in this case students and their parents, from their hard earned cash. The way the system is set up is generational theft taking more from the have nots and transferring it to the haves . . University Presidents and administrators. There is NO JUSTIFICATION for the cost of many college admissions these days. $45,000 per year from Podunk U or Prestigious U for a degree in education? Who do these people think they are? </p>
<p>And yes, the Banks lobbied congress to pass all of this anti-student legislation to make these loans non-dischargeable. Congress has been dysfunctional, stopped serving the people long ago. The banks have cleaned up. Colleges have raised their tuitions far in excess of inflation and have cleaned up. Only the students and their families, i.e, the younger generation have been hurt by all of this.</p>
<p>Its well and good for the boomers to complain how everybody wants something for nothing and these people were at fault for not being smart about taking out these draconian loans . . but NOT EVERYBODY is educated about these matters, or at the least they hope for the best and do what they can to achieve success in life. But the system as it is is working against them No Jobs. Only non-dischargeable loans and a predatory collection process for those who fall off the wagon.</p>
<p>And let me add the boomers graduated into a growing economy and had lots of opportunities and benefits that have been deprived from the younger generations.</p>
<p>The late great United States. Personally, i think Reagan is to blame for sending our country in the wrong direction.</p>