Education Department to ease college loan rules to help those with troubled credit histories

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  • worf Mcallen, TX
    Aug. 7, 2014 12:18 p.m.

    Pay as you go, and avoid debt.

  • Brio Alpine, UT
    Aug. 7, 2014 11:07 a.m.

    Easing loan requirements and thus allowing people who didn't qualify under traditional standards was exactly what led to the capitulation of the housing industry last decade and why so many people ended up going bankrupt and walking away from their housing loans. That in turn contributed to the housing market bubble to burst.

    This action will allow more students to get student loans. But it will also lead to a higher delinquency rate and a higher percentage of unpaid student loans.

    It will go from it's current bad to even worse... especially considering that such a high percentage of recent college graduates aren't able to find meaningful employment. Paying back student loans for those people would be a very low priority... and especially for those who already merited bad credit ratings.

  • lost in DC West Jordan, UT
    Aug. 7, 2014 10:32 a.m.

    Other headlines cry out that the student debt load is the next big problem on the horizon, and BO’s misadministration is wanting to INCREASE it? He wants to further burden people who have already shown they cannot handle debt with even more? This makes no sense.

    10-15 years ago barney frank pushed lower credit standards and fannie and freddie, and that proved to be one for the main factors creating the housing bubble that crippled our economy and BO wants to do it with student debt? incredible!