It’s illegal for undercover cops to entrap a prostitute by offering her money for sex, but apparently it’s just fine for our government to entrap people with massive interest-accumulating student loans they never asked for or inquired about.
Last week I wrote about the growing problem of gargantuan federal student loan debt ($1.2 trillion and rising), with a headline alluding to the federal government’s complicity in drawing college students and their families into debt slavery. Since then I’ve had the opportunity to experience the come-on firsthand, in a letter from a university my son was accepted into.
Keep in mind, as I relate the details of this, that we’re generally very pleased with this university and know a lot of good people who work there.
The university earlier had informed us that we had to fill out the Free Application for Student Federal Aid (FASFA) to be eligible for academic scholarships since, as one web page explains, its “the foundation” they use to determine eligibility for university, state and federal programs. Now, my dad always warned me to be suspicious anytime a stranger offers you something for free; but since we wanted to be eligible for merit-based scholarships, and since we knew that the requirement was fairly common among universities, we went ahead and filled out the Free Application, giving them all manner of personal financial information—the particulars of which, we were assured, would have no bearing whatsoever on how much merit aid our son received.
We completed the slightly Orwellian exercise, and (more…)