White House Might Put Colleges on the Hook for Student Loans

Re:White House Might Put Colleges on the Hook for Student Loans by xacaxulu on Tuesday March 12, 2019 @04:19PM (#19372562)

Please stop subsidizing these institutions. The US backed loan system for ever-climbing tuitions are an obvious cartel. Never mind the uselessness and lack of ROI of most degrees in the broader job market.

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Re:White House Might Put Colleges on the Hook for Student Loans by gruez on Tuesday March 12, 2019 @04:32PM (#19372711)

>Never mind the uselessness and lack of ROI of most degrees in the broader job market.

AFAIK the reason why this is even an issue is because the government guarantees all loans equally (probably "study what you love" is politically popular). If there were no government guarantees, lenders wouldn't lend to students studying for useless degrees (presumably because they have a higher default risk).

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Re:White House Might Put Colleges on the Hook for Student Loans by Judgmentality on Tuesday March 12, 2019 @05:23PM (#19373189)

> lenders wouldn't lend to students studying for useless degrees

And why is that a bad thing?

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