Re:The Lasting Consequences of Student Debt
by austenallred on Tuesday April 04, 2017 @11:36AM
(#14033779)
I think it makes a lot of sense to have a simple model that predicts ability to repay and to not give out loans to people who won't be able to pay them back. But that would have to happen at a federal level, and imagine being the politician who pushes that through. Until that happens the universities won't care, so it would have to be a societal shift.
As a follow-up question to your last sentence, do you have any thoughts on collateralization? Not so easy when the asset grown to pay back the debt is social/intellectual capital, but I think we could come up with creative solutions for certain degrees and borrower profiles.