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A comment on Ripping Off Young America: The College-Loan Scandal. Parent comment

Re:Ripping Off Young America: The College-Loan Scandal by danielweber on Friday August 16, 2013 @02:11PM (#6225738)
I can see why we worried about it, but most schools are so leftist they would never come close to only letting in rich kids.

I don't think the choice is "lend the kids a whole bunch of money to let them in" vs "don't let them in at all."

It's "lend the kids a whole bunch of money" vs "don't lend them a bunch of money, and still let them in."

It's possible I'm wrong about this, but we've definitely went too far in the other direction.

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Re:Ripping Off Young America: The College-Loan Scandal by twoodfin on Friday August 16, 2013 @02:18PM (#6225783)
Sure, the problem is not the Ivies and top tech schools, most of which have basically committed to paying full tuition for any admitted student who demonstrates they couldn't attend without it.

But for the many excellent schools without massive endowments, the risk of letting in more qualified "Caa3" applicants over "Aaa" applicants could make a substantial difference on the margins.

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