The great college loan swindle.http://www.rollingstone.com/politics/features/taibbi-the-great-college-loan-swindle-w510880 …
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One single change that would completely rock the college system: make student debt bankruptable, like every other kind of debt.
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If that happens loan providers have to model likelihood of repayment. Now they don’t even care: worst case scenario you just pay forever
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Replying to @AustenAllred
Would this ruin liberal arts education and is that a good or bad thing? Probably reduce access to only the very privileged.
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Replying to @TheAxeR
It would make education that has no ROI difficult to fund. I think that’s a great thing.
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Replying to @AustenAllred
How do we avoid leaving research and art to the genteel class?
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I don’t understand why we need to pay tens of thousands of dollars per year to have access to art. Research pays.
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