Should millenials borrowing thousands in student loans with no intention of paying them back be imprisoned?

Question

Textbook definition of fraud

Answer 1

No.

The deans and faculty of the universities who jacked up tuition costs and the price of textbooks so they could get rich at the taxpayers expense should be imprisoned.

Answer 2

How are you going to prove someone's future intentions?

Answer 3

Why are you only putting millenials in one basket of not paying pack student loans? I once worked in an alumni calling center and I spoke to people who were in their 40s and 50s who had trouble paying back their loans.

Besides, if people don't pay back their loans, the banks will go after them one way or another. It will really ruin their credit and they won't be able to get a house, car, or the new iPhone.

Answer 4

They should be imprisoned for paying $ 1,500 for one book

Answer 5

No. The student loans are fraudulent. In contract law both parties are obligated to live up to what they agreed to. The college involved was suppose to give the student an education that has some value. Government colleges only give the student a worthless piece of paper after four years.

Answer 6

Talk about deadbeats who didn't pay back loans. We have one in the White House. No U.S. Bank would lend Trump money after they got screwed more than once. OTOH I think schools have a moral obligation to right some wrongs when they grant degrees in areas they know which are just about totally useless. BTW Professors and other college employees don't make all that much $$ but the administrators do.

Answer 7

Ask yourself this: would you sign away on a paper granting you success and fortune if it meant a ghost would slowly materialize and grow larger over your shoulder the longer time went on?

Answer 8

And cost us MORE in tax money? I don t think so. What we should do is stop giving government backed guarunteed loans for college and university. That s what drives up cost of school and everything that comes with it (supplies, textbooks, etc...)
We need to go back to the system where schools competed for the best students, rather than just giving away degrees to anyone who could buy their way in or sign over their life to pay back never ending loans with interest.

Answer 9

The government should be supporting higher education more many European governments do it. Private for-profit schools are a major cause of student debt. You cannot go bankrupt on student loans.

Answer 10

Maybe if college were cheaper we wouldn't need to take out so many loans.