Yale Suing Former Students Shows Crisis in Loans to Poor

Parents Forum
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<p>"Needy U.S. borrowers are defaulting on almost $1 billion in federal student loans earmarked for the poor, leaving schools such as Yale University and the University of Pennsylvania with little choice except to sue their graduates.</p>

<p>The record defaults on federal Perkins loans may jeopardize the prospects of current students since they are part of a revolving fund that colleges give to students who show extraordinary financial hardship." ...</p>

<p>Yale</a> Suing Former Students Shows Crisis in Loans to Poor - Bloomberg</p>

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<p>I find it hard to imagine why Kyle lopinto has a hard time paying back his loans with
the beautiful sculptures he created. I especially liked the one entitled “hamburger” he did in 2009.</p>

<p>[Kyle</a> LoPinto](<a href=“http://kylelopinto.com/]Kyle”>http://kylelopinto.com/)</p>

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<p>If I want a master’s degree in design, I know which Ivy will take my money. Maybe Mr. LoPinto thought the money was stolen?</p>

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<p>@momtotwins - I went directly to his webpage after reading your comment. I laughed for about a half hour.</p>

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<p>Thank you, momoftwins-I also laughed out loud. Maybe the real problem is at the front end, in admitting students who are unlikely to be successful in their intended field.</p>

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<p>Admissions will always be flawed in some way… are holistic admissions more efficient than non-holistic admissions in achieving that goal?</p>

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<p>I don’t think Yale or other schools give a #*! about whether students succeed monetarily in their intended field. I especially remember the 15 minutes of fame of the Yale “abortion girl” in 2008. Her performance piece was to film herself, allegedly aborting fetuses that she had self inseminated. (This probably was not reality, just a purported action for the purposes of her “art”.) I wouldn’t buy a ticket to see that. </p>

<p>What always gets me is that people expect that other people should pay for what, in my opinon, is their luxury. Maybe I should study art now, or music. It would be more fun than going to work, paying the bills, etc. At some point, people should be responsible to realize that if they borrow a lot of money to study something that is not going to be lucrative, they will have a problem paying their debts. I borrowed a lot to go to school, and I paid every penny back, and I felt the pressure to get a job that would allow me to do that. Maybe I am the foolish one, but those are the facts.</p>