Mike CernovichVerified account

It boggles my mind that people who wouldn't qualify for a $20k car loan throw their hands, flabbergasted that someone expects actual PAYMENTS on LOANS that they SIGNED UP FOR on the $200k German Polka History degree they got. It's called having skin in the game.

I don’t care about any solutions as long as the US taxpayers aren’t footing the bill or backing loans.

Another part should capping the percentage of expenditure can be non-classroom activities, and capping the expenditure of classroom activities to, say $500 / hr

I wouldn't let the parents off the hook either. Under 21? Can't rent a car. But you can take out 100k in unsecured loans? Make the parents co-sign. Watch how fast this changes.

Making the schools have some skin in the game isn't a bad idea, but the real fix is to make the student debt dischargeable in bankruptcy.

Make colleges buyback unused/unwanted degrees by paying the debt on them and rescinding the degree