Larry on Fox Business: The Government and Student Loans
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Larry in a short Fox Business appearance talking about the guy who failed to repay his student loans for 19 years and was arrested for failure to appear in court after several notices. Larry also talks about whether the government should be in the student loan business.
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So timely. I would love to see Federally funded students loans go away. I used them, I paid mine, but it is too easy for people to get in over their heads and think they don’t have to pay them because the government backed them. This is a new idea for a lot of people that we don’t offer government loans for school. Get a job, figure out a better system for the cost of higher ed, and no more loans!
This guy is full of it. He wasn’t arrested for not paying his student loan debt. He’s just using that excuse to get people to feel sorry for him. He was arrested because he ignored 7-8 federal court summonses . He refused to go to court when he was told which is a criminal offense . So he’s not taking responsility for his actions but blaming others for what happened