Comments about ‘Parent PLUS loans are a dubious higher-ed option, study finds’

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Published: Monday, May 12 2014 12:05 a.m. MDT

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Taylorsville, UT

It is near critical mass debt loans for education state and federal causing another financial melt down. There are over $2 Trillion dollars of debt in school loans and no one can repay the loans these parents were tricked into by shady covert undisclosed illegl lending contracts. In less than 5 years there will be colleges going out of business on loans with no collateral as parents refuse to sign the loans.

Children guarantee their parents they will repay the loans by putting their parents credit retirement and health at risk. Schools and financial institutions are telling children after graduation they don't have to repay the loans since the parents are the primary borrowers. The children desert their parents and responsibility to pay the loans thus destroying not only their future but their parents and siblings lives with large debts.

School loans are tragic and criminal lending and now the crunch and crumble of education is about to become history. And it still proves that higher education is only for those who can afford it. The poor remain debt poor and still in poverty and need jobs paying $200K to become middle income.

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