Wednesday, January 5, 2011

Student loans....defaults on the rise!

Has anyone noticed the bizarre sky rocketing of people receiving federal grants and being approved for student loans that are in infeasible pay off? Or perhaps being accepted into a school not being a hundred percent approved for a grant, upon the realization from the school that you have not in face been approved; following realization the “hit by a ton of bricks”, falls over you, and then panic. A resolution for this wretched issue is by eliminating the federal aid in cosmetology….when students in this industry graduate and are licensed and working in a salon, there isn’t a snow balls chance in hell a fraction of an inch will be taken out of the mass mountain that has now become your student loan. Here is more information in regards to this crisis, not only in cosmetology BUT the rest of education.
phttp://www.ed.gov/news/press-releases/student-loan-default-rates-increase-0
http://articles.moneycentral.msn.com/CollegeAndFamily/CutCollegeCosts/the-student-loan-morass-how-to-fix-it.aspx

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