Want to rock the higher education space? Pass a law that says you are no longer eligible for federally subsidized loans if x% of students default on their loans. Pick a very generous x; let’s say 50%. Thousands of colleges go bankrupt overnight.
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I don't disagree with a number of the points implied here, but I don't think all (or even most) post-secondary education should be primarily evaluated on student income. You've clearly thought a lot about this so curious what you think
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1. I’d be willing to bet if you told people upfront “this education will not help you in any way get a job” college enrollment would be 1/10 of what it is 2. If college shouldn’t be judged by financial outcomes we should stop lending 100x what we normally would to students
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Probably true but that likely wouldn't be accurate. From what I've seen data shows post-secondary edu is correlated with higher lifetime earnings. Granted, there is a deep debate on causation vs signalling. Of course the devil is in the details, more transparency would be good
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On 2 - I'd point out that lending institutions and broader society aren't always aligned on their definition of success.
End of conversation
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