Re:Defrauded students to receive loan forgiveness
by samatman on Saturday March 20, 2021 @03:15AM
(#26521395)
Yes, this is correct, and it would have several effects.
One, banks would be unwilling to lend vast sums of money for education, and universities would have to cut back and offer education at a more reasonable price.
Two, income sharing agreements would become commonplace for economically productive degrees.
Three, pursuing economically useless degrees would go back to being the preserve of those of independent means.
Four, fewer high school graduates would go to college, and a lot of marginal colleges would close.
One, banks would be unwilling to lend vast sums of money for education, and universities would have to cut back and offer education at a more reasonable price.
Two, income sharing agreements would become commonplace for economically productive degrees.
Three, pursuing economically useless degrees would go back to being the preserve of those of independent means.
Four, fewer high school graduates would go to college, and a lot of marginal colleges would close.
All of these are good things.