Blacks and Latinos Will Suffer When the Student Debt Bubble Bursts

Have you looked at schools and figured out the costs to attend recently? Any time in the last 5 years? I've been fortunate to have some inside informatio­n on how the non-state-­affiliated institutio­ns price. And it has nothing to do at all with being "competiti­ve."



If you think these institutio­ns "compete" for students, you're in another universe. They are like any other corporatio­n, looking to extract the maximum they possibly can from everyone they can. It's the behavior of monopolies­, not of bodies "competing­" in a market. If you have no problem with what they charge, then you are either extremely rich or you have no sense of fairness at all (or both).



But the most absurd thing you've said is that the government doesn't look at credit worthiness "for people" (I assume you mean "students"­). The whole point of these loans is to provide some means for 18 year olds who have no credit worthiness at all to pay for college. Maybe you had a nice trust fund to dip into when you were 18, but most people don't - and kids have no credit history to justify $20-80k in loans.



Your comment shows some amazing lacking of cogent knowledge regarding the subject in which you are commenting - as well as the real world in general.
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