Not really - banks would have made money on something else instead.
The real problem is that universities are making money off selling trash to children not old enough to drink yet.
Before loans were guaranteed, there were some checks and balances for how much trash universities could sell and at what price, but now that politicians have figured out there's nothing stopping them from taking money that's not theirs and paying it off to universities, the only losers are those who consume the trash and destroy their lives and their descendants.
Comments
Not really - banks would have made money on something else instead.
The real problem is that universities are making money off selling trash to children not old enough to drink yet.
Before loans were guaranteed, there were some checks and balances for how much trash universities could sell and at what price, but now that politicians have figured out there's nothing stopping them from taking money that's not theirs and paying it off to universities, the only losers are those who consume the trash and destroy their lives and their descendants.
Agreed.