people shit on this because they're boring but to the extent colleges are about career prep this seems likely to correctly align incentives in the face of information asymmetryhttps://twitter.com/MarkAmesExiled/status/1020350417350389762 …
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One side effect would be dramatic reductions in bullshit programs costing students hundreds of thousands of dollars most likely to place those students into a decade of unemployment, alongside expansion of programs that tend to inculcate useful skills
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A second side effect would be meritocratic, market-tested admissions processes Schools would actually have incentive to compete for objectively-promising students, with scholarships taking the form of lower earnings collection If you think admissions is biased, this solves that
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Another happy side-effect: we get some really good data on college ROI
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Remember this is what Rubio wanted to do.
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I did not know that huh wtf now I love Rubio kind of
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free_media_chart_by_candidate_wtf_media_.jpg
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The real problem is that accurate pricing would make people feel bad and so it'd get shut down via lawsuits or otherwise. But we have a version of this system already, in that people who think they'll make it big tend to live large on credit. Some of them are right! Others: BK.
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Hence a backdoor to this is just to allow discharge of student loan debt in BK. That's the narrow end of the wedge.
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