ST Alpha - "who'd've thought? informing students about their future loan payments leads to dramatic drop in loans taken out -- (link)" (Reading a Post)

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who'd've thought? informing students about their future loan payments leads to dramatic drop in loans taken out -- (link)

Posted by znufrii Jul 3 '14, 11:42

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http://consumerist.com/2014/07/03/one-university-saved-students-31m-in-student-loans-by-sending-them-a-letter/ (consumerist.com)

Responses:

And how many dropped out? -- nm - .... Jul 3, 13:06
Amazing. It's almost like... they should have learned that in school somewhere. -- nm - Strongbad Jul 3, 11:46 11
- More like, the more information people have, the better decisions they make, -- nm - Roger More Jul 3, 12:29 5
  - If I were signing up for a loan, it would be *crazy* to ask questions like - Strongbad Jul 3, 12:54 4
    - So what? Are you arguing that it's better for this information to be revealed only if it's asked for? -- nm - Roger More Jul 3, 13:24
    - you're also a grown man, not a fresh-faced kid just out of high school who only cares that he gets to go to college - znufrii Jul 3, 12:58 2
      - And let's face it. So many postsecondary students in the US are foreign. Objecting to their lack of American lending practices is just pounding sand -- nm - con_carne Jul 3, 13:04
      - I don't think it's too much to ask schools to put their students' interest first rather than taking advantage of their ignorance. -- nm - znufrii Jul 3, 13:00
- it's a shared responsibility. schools need to be more transparent as well, when its in their best interest to obscure the true cost -- nm - znufrii Jul 3, 11:49 3
  - (obviously plenty of students knew enough to make different decisions when they were actually given all of the information) -- nm - znufrii Jul 3, 12:11 2
    - oh, there's a for-profit private school here that sees students only as dollar signs. - Kim Pine Jul 3, 12:13 1
      - for-profit colleges aren't the only ones taking advantage of the gravy train. - znufrii Jul 3, 12:17
- We can't educate he public about finances. What are you trying to do, bankrupt this country? -- nm - con_carne Jul 3, 11:49
This has to be stopped! -- nm - Roger More Jul 3, 11:45

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