Re:Ripping Off Young America: The College-Loan Scandal
by tsotha on Friday August 16, 2013 @02:27PM
(#6225832)
>The schools are in the best position to underwrite loans. They should be the ones loaning out educations.
But the schools are profiting immensely from the difference between the perceived value of a degree and the actual value. They'll never get into the loan business without being forced.
But I agree they should have some skin in the game. My favorite idea on that end is students should be able to partially default on loans, and the schools should be required to share the loss with taxpayers.
But the schools are profiting immensely from the difference between the perceived value of a degree and the actual value. They'll never get into the loan business without being forced.
But I agree they should have some skin in the game. My favorite idea on that end is students should be able to partially default on loans, and the schools should be required to share the loss with taxpayers.