Yes parents should have the right to borrow money for their children’s education from any financial institution they wish.
The graduated student should then have the right to refinance that loan after they obtain gainful employment from any financial institution.
Let’s not forget that we can thank our last democrat president Obama and the democratic congress for this G’s up mess. Which was the only way they could save Freddy an Fanny from complete bankruptcy and expose all the corruption!
It was a way to secure every student’s parents retirement and personal property to bring solvency back to the government. By bringing a constant influx of monthly income into the governments coffers on the backs of the young American educated workforce. Then if they can’t pay it was co-signed by their parents, secured by their house equity and retirement funds.
We need to cap the runaway costs of higher education and to make it affordable to everyone. Another problem is the fact that only 50% of the student population pays for 100% of the college operating costs. With approximately 1/2 of college tuition given away free, the paying population has to pay twice as much for their education.
We need to allow anyone that wants to attend college the freedom to secure financing wherever best suits them and everyone attending must have some skin in the game by having some financial responsibility for their education.