Demonstrably, it is impossible to utilize main-stream loan underwriting requirements to pupils whom, by meaning, are not at this time making sufficient cash to settle their loans. Nevertheless the system is at the mercy of punishment by universities whoever primary — if not merely — objective is to obtain their fingers regarding the money.
For programs which do not cause traditional degrees — mostly working out programs pressed by for-profit personal schools, the sort that do lots of marketing on nyc subways — the Department of Education happens to be wanting to show up by having a guideline to exclude programs which have an obvious reputation for perhaps not producing individuals who can make sufficient to repay their loans: a “gainful work” guideline. Continue reading “The Hefty Yoke of Education Loan Debt. Except, that is, for starters sort of financial obligation: student education loans.”