Scapegoat Inc.: Student Loan Companies Are the ‘Bad Guys’ of Education
April 26th, 2007 by Student Loan Tax
Why have the politicians targeted the student loan industry?
I think it’s because the student loan industry is an easy target. While the following scenario may seem “far out,” it appears that the politicians are using this strategy to get their student loan legislation passed and have formed a platform to do so.
Here’s what I think is really going on behind the scenes:
STEP 1:
Their ploy has been to connect two completely unrelated facts, mainly that:
“FACT” 1: College has become incredibly expensive.
“FACT” 2: The high cost of college is the fault of the student loan industry, so the student loan industry needs to be fixed.
STEP 2:
The next part of their plan was to dig up dirt (anything “bad”) on the industry. This “dirt” (or formerly widely accepted industry practices overlooked by the government) supports politicians’ position that “the student loan industry needs to be fixed,” is “bad,” and then rallies the public behind the politicians’ cause.
NOTE: Keep in mind that “FACT” 1 has absolutely nothing to do with “FACT” 2, yet the public is widely buying this stuff, hook, line and sinker.
Let me explain. The public believes what they’ve been told, that the student loan industry needs to be fixed since tuition costs are skyrocketing. Why? Because a few players in the student loan industry have done things that the government now considers “wrong.”
How’s that for logic? It just doesn’t make sense to me—and for any thinking individual, it shouldn’t either.
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