Highlights from "Placing the Blame as Students Are Buried in Debt" (RON LIEBER Published: May 28, 2010 the New York Times): ... universities like N.Y.U. enrolled students without asking many questions about whether they could afford a $50,000 annual tuition bill. Then the colleges introduced the students to lenders who underwrote big loans without any idea of what the students might earn someday — just like the mortgage lenders who didn’t ask borrowers to verify their incomes..." "... federal bankruptcy law makes it nearly impossible to discharge student loan debts..."
May 30, 2010
