WSJ did a longform article on Student Loans.

Lots of stuff covered. One thing I noted was how the student loan program has continually been expanded because the payments on it show up as revenue and can be used to offset deficits. It's ostensibly expanded to increase education opportunities but members of both parties were really seeking the extra "profit" from doing it. The problem is that the repayment rates are much lower and defaults much higher than the projections so the rosey picture the projections paint is not really true.

Also one reason why the Fed Govt is reluctant to reduce interest rates on graduate student loans because they'd then have to reduce their "profit" projections from the program. Lots to digest in that article.

Posted: 04/29/2021 at 1:36PM

WSJ did a longform article on Student Loans. -- ElbertoHokie 04/29/2021 1:36PM

It's even better than that -- MrBayAreaHokie 04/29/2021 1:44PM

College is a choice, not mandatory -- darnellm 04/29/2021 1:42PM

NOT going to college was never an option. -- GSOHokie01 04/30/2021 12:17AM

We're told our entire childhood to do well, go to college, get a "good job" -- typed by ben 04/29/2021 2:30PM

I feel like Boomers and X'ers failed badly in the message they/we gave kids -- Tafkam Hokie 04/29/2021 2:59PM

College shouldn’t be for everyone & we definitely shouldn’t pay for anyone -- Hoakie82 04/29/2021 9:56PM

This is what you should be doing -- Happy Dog 04/29/2021 3:37PM

Never too late to take up a trade! -- One4VT 04/29/2021 2:34PM

I wish I had, I'm a pretty good troubleshooter when I need to be. ** -- `lag 04/29/2021 3:47PM

Same. All these technology jobs will need someone -- Tombo 04/29/2021 3:24PM

Society has falsely conned everyone into believing that a college -- 133743Hokie 04/29/2021 2:19PM

Agree. Not every picture belongs on the Fridge. -- WilmaHokie 04/30/2021 11:31AM

This is the only reason I have any sympathy at all for student loan debt -- HokieNoVA 04/29/2021 2:55PM

That's kinda where I am. To quote Mr. Myagi, no such thing as bad student, -- Tafkam Hokie 04/29/2021 3:22PM

We didn't tell them to get junk degrees in meaningless fields ** -- 133743Hokie 04/29/2021 5:06PM

I like the idea of reducing the interest rate each year for on time -- ElbertoHokie 04/29/2021 3:39PM

This article is depressing to read about Law School and attempting -- hoosnowahokie 04/29/2021 3:27PM

Here's how you solve the problem......No loans guaranteed by govt.......And -- CrystalCoveHokie 04/29/2021 3:41PM

That decision to go & knowing you’re paying for it makes you want to apply -- Hoakie82 04/29/2021 2:17PM

Holy sweeping generalization, Batman ** -- Brown Water 04/29/2021 2:18PM

You think so? I always thought it was what separated the mentality of -- Hoakie82 04/29/2021 4:58PM

I think it's more about the drive within the individual. How you were -- Brown Water 04/29/2021 5:03PM

No doubt that plays a part but it was my experience in college that most -- Hoakie82 04/29/2021 9:44PM

WSJ did a longform article on Student Loans.

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