Wednesday, April 11, 2007

Student Loan Corruption - It's for the Children

It's always been my opinion that if you really want to cut the price increases going on in secondary education quit subsidizing it with government backed student loans and other education subsidies.

But Gordon, kids won't have the ability to get into school if they cannot borrow the money for tuition.

Yeah, I know the schools and the student loan providers are all worried about the kids ability to get into school and get an education to the extent that they are able to pay for the tuition with the student loans.

Here's a nice piece about kickbacks going to the schools from the altruistic student loan companies and the universities they fund.

Some of the schools involved include University of Pennsylvania, New York University, Syracuse University, Fordham University, Long Island University and St. John's University not exactly your run of the mill diploma factories.

Someday, I would love to match up the number of corporate scandals with the number scandals involving government program and have some liberal tell me again how compassionate it is to fund these programs.

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