or at least the way they are handled does.
I have spent several hours the last two days trying to help my daughter figure out why, even tho' she is in forebearance on her loans, they have been reported as delinquent any way.
It isn't bad enough that the cost of tuition has gotten so high that most middle class kids can't go to school without taking loans, the way they are administrated after they get out is beyond poor, almost to the point of being a deliberate attempt to financially cripple these young people.
Why tell them they can get deference or forebearance when they have financial problems and need to reduce their payments if you're just going to screw up their credit anyway?
Needless to say, there have been long, detailed letters with explanatory supporting exhibits prepared to send off to the student loan administrators, the credit bureaus and all of her congressional and senatorial representation.
If some candidate for a political office would seriously attack this issue, he (or she) would gain a good number of votes for life from grateful students who would be able to go on peaceably with their lives without wondering what the loan administration is doing to their credit rating this month.
And another thing, it is also my considered opinion that the credit bureas hold entirely too much power over all of our lives. Just who are these little trolls, sitting under the bridges, deciding who the good people are and who the bad people are and making it nye unto impossible to ever recover from any issue rather it is actually of your own making or not.
So that is my rant for today (I'm now stepping off my soap box and donning my flameproof suit!)