Because almost half of the federal government’s financial assets are student loans
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Let the market price it by major, with variable tuition and interest rates, and a lot will change.
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This is a stupid idea
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They do have a path to jobs since the market rewards sophisticated thinking, abstract problem solving, good writing, and creativity. CS students shouldn't have the same loan interest rate as basket weaving though.
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A generation sold into debt slavery for the enrichment of a parasitic class of administrators. It should have been Occupy Harvard Yard, not Occupy Wall Street
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The prospect of lending youths a lot of money is always risky. But it became absurd as college tuitions exploded to the point that students are graduating with $200,000 in debt.
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It is not that, it is the SIZE of the debts, that is most concerning
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And perhaps people didn’t see the rise of profit hungry scam for profit colleges.
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Oh they saw it all right. They were counting on it. As always, follow the money.
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