Gallon defends self against NCAA investigation

[bocabull]

It doesn't matter if it's in the fine print or now. Lenders by definition are infinitely more sophisticated than borrowers and should approximate their risk up front.

The problem is that lenders have been allowed to extend credit to people who do not have the ability to service the debt and they "own them" the rest of their lives.

This is a very big problem with subpar private colleges. They charge ridiculous tuition and hand out student loans like candy so the students ignore the tuition. Then they graduate with a subpar degree and have $50-100k in student loans.

Sounds like this is going on at prep schools too.

 

[boksooner]

Adding to what Boca is saying, lenders have a fiduciary responsibility to determine if the borrower has a reasonable ability to repay the loan and has a good faith understanding of all loan provisions.

More than a few loan agreements have been amended by judges because the lender did not meet their fiduciary responsibility.

 

[coolm]

they piss me off because they don't show the same love for the University and program that I have.

I like OU football, but I love OU basketball. I wouldn't take any measure that I thought would harm the program or even might run the risk of harming it. I expect the same from the staff and players...especially at a juncture like we had there after the violations.

It's like they don't even really care - and I find that hard to stomach.

 

[InExile]

The Power of Deduction compels you.

The Power of Deduction compels you.

 

[Cheno]

At any level of education....elementary, middle, high school, juco, college
Etc if you don't satisfy certain financial or other requirements they hold your grades until those are met.
That's why they have public schools which are virtually free.