This Court Case Could Unshackle Americans From Student Debt

[MichMan]

129. Best decision I ever made

I must have been the exception to many posting here

While I had some college after HS, I quit due to lack of funds etc . I was in my early 20's and working jobs that paid little more than minimum wage. (big motivator btw) This was the late 80's, so school was not as expensive as it is now, but considering my income, it was still very daunting, as I could barely afford to put gas into my 12 year old car and pay 1/2 of the rent for my small apartment with a room mate.

Borrowed to go to an affordable private local 4 year college at night while working and was able to complete my Engineering degree. I ended up borrowing 10K (20K with inflation) making my payments $100/mo.for 10 years. Nearly tripled my income, so well worthwhile immediately.

I had poor/zero credit, so without lenders willing to take a risk and lend me the $$$, it would never have been possible. If as many state here, the lenders shouldn't lend money to those who have higher risk, I probably wouldn't have gotten the opportunity I did.

Should all college be "free" Sounds good, but not sure how it would be implemented. Would the government pay the tuition costs directly and how would those costs be controlled? If the affordable Community College and the prestigious State University were both free to the student, why would someone care what the cost was? Why not go to the more expensive one with the nicest campus and most amenities?. Tuition rates vary from school to school; I assume the taxpayers wouldn't just pay whatever they decided to charge. Also, there are a lot of people that have no business being in college; would they now go because it was free and better than getting a job or learning a trade