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Re: greedy billionaires

By: clo in ALEA | Recommend this post (0)
Wed, 08 Jul 15 1:36 AM | 119 view(s)
Boardmark this board | The Trust Matrix 		Msg. 17149 of 54959
(This msg. is a reply to 17148 by Cactus Flower)
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"You somehow want a limit on the loan size so that the cost is not disruptive of a person's life."

No I don't.

Its the choice of the parents & child.

Lets face it, many parents want to brag, regardless of the ridiculous cost!
But then many of them have lived high on the hog, abusing credit cards & refinancing mortgages to the point the home in essence is 'worthless'.

If you chose to go to an expensive, out of state college, living away from home, that's fine. Don't expect others to finance it.




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The above is a reply to the following message:
Re: greedy billionaires
By: Cactus Flower in ALEA
Wed, 08 Jul 15 1:09 AM 		Msg. 17148 of 54959

You can't stop a college kid from behaving badly. Nor, in some ways, do you want to. It's good to let the wild beast loose for a while. Nor should you manage a person's behaviour using loans as a control mechanism, in my view. If that's why you have them, then for me that isn't reason enough.

I don't mind a bit of debt but a lot is insane and what happens when there's a massive surfeit of demand against a fixed supply of college places is that the price of admission goes up and up and up.

So in the end the costs of the loans keep increasing.

You somehow want a limit on the loan size so that the cost is not disruptive of a person's life.

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