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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by eli_gottlieb on Wednesday December 11, 2019 @04:01AM (#21760766)
So what? If making a loan would be stupid, that loan shouldn't be made.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by sokoloff on Wednesday December 11, 2019 @07:20AM (#21761758)
We could return to a world where only the upper and upper middle class could go to elite colleges.

Despite the fact that be more likely to help than hurt my family, I think it’s undesirable societal policy.

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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by eli_gottlieb on Thursday December 12, 2019 @12:44AM (#21769548)
> We could return to a world where only the upper and upper middle class could go to elite colleges.

Or we could just socialize college and abolish the distinction between "elite" and "not elite".

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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by gwright on Wednesday December 11, 2019 @12:58PM (#21764980)
Right, but that doesn't stop the government. Student loans are not approved based on any risk/reward mechanism that I'm aware of (currently).
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