Re:Ripping Off Young America: The College-Loan Scandal
by wmf on Friday August 16, 2013 @02:40PM
(#6225914)
You're basically saying let's ask people not to accept free money that's being thrown at them. That's not impossible, but I think restricting bad loans is more compatible with human nature.
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Re:Ripping Off Young America: The College-Loan Scandal
by sp332 on Friday August 16, 2013 @03:06PM
(#6226113)
How are you going to restrict bad loans without asking people (the government) not to accept free money? It's the same problem.
Re:Ripping Off Young America: The College-Loan Scandal
by wmf on Friday August 16, 2013 @04:23PM
(#6226562)
Sorry, I meant the universities are accepting free money and that's why they won't reduce prices. If the government refuses to make "underwater" loans on degrees that are not worth the cost, we should expect prices to go down.