by regenweald » Wed Aug 01, 2012 4:46 pm
Lets say a college does not participate in any student loan programs. They do not even accept stafford loans, which are federally backed student loans. For some students, stafford loans are the only financial aid they qualify for, and they cannot otherwise afford to pay for school. Lets say that this is the only community college within a reasonable driving distance, and that the university nearby who does accept student loans costs 3 times as much in tuition alone. Could a student conceiveably file a lawsuit for the right to use the financial aid they qualify for [student loans]? Would it be better if it were a class action suit to include all other students who either could not attend school or had to take personal loans or use credit cards [which cannot be deferred until graduation as student loans can] as a result of the school not participating in student loan programs?