Why dont veterans just take out loans?
Most veterans can take out loans, but this will place a burden of debt on them that will hinder them from seeking careers in public service upon graduation. They cant afford to take lower paying government jobs if they have tens of thousands of dollars in loans hanging over their head. Additionally, federal loans dont always cover the full costs of school, which means veterans have to supplement their federal loans with commercial loans. These loans tend to carry higher interest rates and less favorable conditions which compound the debt problems once they graduate.
