05-07-2007, 01:25 AM
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Newbie
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Join Date: May 2007
Posts: 3
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test
Quote:
Originally Posted by StChrisCS
I think it's appropriate; the grandfather clause should be removed. The US Gov. shouldn't be providing loans to US Citizens that attend foreign schools.
From what I have read, the rate of default for loans that were used to fund the education of US citizens outside of the US was dramatically higher than that of US citizens that were educated inside the US. There is no reason to further burden our government, the tax payers, or the Stafford loan program with this issue. There are plenty of private loans through private corporations available to US citizens that want to attend schools outside of the US.
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