People who qualify for federal student loans are not guaranteed jobs by the Federal Government, industry, business or American taxpayers who will provide compensation to repay the loan. The person securing the loan is responsible to research expected compensation for the career that they pursue. Industries and businesses are highly competitive. Employee compensation is based on profit and productivity, not on employee investment in a college degree. The institutions of higher learning are responsible for exorbitant tuition paid to secure a college degree that guarantees nothing. Those seeking relief to pay their loans should approach the College or University from which they received their degree. These institutions have provided an over priced college degree that will not generate enough revenue to cover the cost of the degree. The American taxpayers should not be accountable for Federal student loan failure. There is too much Government intervention and regulation in private sector business, and our personal lives. The institutions of higher learning should be regulated by the Federal Government to require reasonable tuition rates in a ratio of degree investment to expected degree compensation. Colleges and Universities unfortunately only provide theory and idealistic rhetoric, not results. Apparently Colleges and Universities need the…
