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Financial institutions (Goldman Sachs) who make loans (Federally insured) to gullible young people, knowing full well these young people are not qualified is another part of the problem.
There is no loan forgiveness (bankruptcy protection) for student loans. The United States is one generation removed from becoming ...more
I agree with comments about student loans driving up the cost of tuition. Supply and demand. Goldman Sachs will loan money to anyone (Federally guaranteed). Now look at who has a financial stake in many of the for profit colleges. You guessed it -- Goldman Sachs.
The gentleman interviewed hit the nail on the head. F&E's failure has nothing to do with shopping preferences. It has to do with "timing". They started their operation right when the economy tanked. As other comments have said, they did not do proper market research and paid a bundle for leases on bad locations. T...more