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Bisonic

Joined: 07/30/2002 Posts: 14262
Likes: 934


Well okay but does a university have zero accountability?


Because that's what this article is about, that Baylor used what you're talking about as an opportunity for parents and students with zero risk. I get your point about some families benefiting from Parent Plus - we did! - but I was pretty savvy about not borrowing too much. I could totally see less savvy parents getting in really deep. In fact we talked a lot about it back then (2008-2012 for us.)

In my career I spent a substantial amount of time in insurance, so I understand responsible underwriting. I also spent some rougher years time in mortgages (wholesale) so I understand exploitation and opportunism. This sounds like the latter to me - Baylor taking advantage of eager, unsuspecting parents through a loose government program with billions available.

(In response to this post by Banned-for-life)

Posted: 10/13/2021 at 10:54PM



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Current Thread:
 
  
Baylor U again showing their "Christian values" -- Bisonic 10/13/2021 5:32PM
  So whose responsibility is it -- 84Buff 10/14/2021 11:13AM
  This is the #1 reason I did not attend CU -- VegasBuff02 10/14/2021 12:48PM
  Guarantee the school administrator is Baptist -- CUKev 10/13/2021 9:17PM
  Agreed. ** -- Buffs4Ever 10/13/2021 9:32PM
  I'm with you Toker -- EBN 10/13/2021 8:31PM
  That was dumb...UT is a MUCH better school -- EBN 10/13/2021 7:06PM
  It's wrong from both angles -- CUKev 10/13/2021 8:53PM
  I completely agree ** -- WinningLeadership 10/13/2021 9:13PM
  Fair question -- WinningLeadership 10/13/2021 7:29PM
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