Should banks/loan companies that give $$ towards student education do a save per grade option?
( View transcript & save a certain amount of money based on grades. e.g. Reduce loan by $1500 for every A achieved)
NO---Banks are in effect lending their depositers money to students. Students need to be responsible enough to pay it back, not look for ways to avoid payment.
School's now a days are expensive . 30K a yr and more . 4-10 years in school thats a lot of money . At least if the student is doing well the money is getting put to good use .
Putting MY deposit to YOUR good use is not why I put money in a bank. It's a loan NOT a gift. Payment is required of loans.
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