Student debtors refuse to pay back loans: 'I'm not gonna feed this monster anymore'

[debm55]

78. Then they would be eligible for federal and state grants. I got my loan at my bank. why are they

going to predatory lenders? You are not taking into account that for many we were paid the minimum wage of 2.40 per hour. I understand where you are coming from. But in the 60's and 70's Our tutition was alot to me. But when I signed that that loan paper as a legal adult, I did it knowing I would pay it back. As stated earlier, I took the first teaching job I was offered/ Paid 4000 a year not month. And guess what I paid it back. Because I didn't want any creditors coming to my home. Tutition has gone up because people have been conditioned to believe college is a necessity. Hell, now for a teaching job, a Master's is a necessity. Students need to rethink their idea of entering college is the golden ring. It isn't. Never was and never will be. When colleges realize that students are not flocking to them in mass, they will change. The Art Institute in Pittsburgh closed it's doors a few years ago because of the lack of students for their high price.