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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Replying to @eigenrobot
unfortunately it creates a post hoc incentive for students to choose lower-paying jobs
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Replying to @AlexGodofsky @eigenrobot
I sometimes think a price cap on colleges would actually produce good effects
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Replying to @AlexGodofsky @eigenrobot
ice9 Retweeted ice9
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ice9 @__ice9Replying to @eigenrobotThe federal government should end its involvement in backstopping loans for any degree program that does not meet a sufficiently high threshold for debt repayment, unless the student's academic metrics are sufficiently favorable. The status quo misallocates career trajectories.1 reply 0 retweets 1 like -
Ironically a price cap could be a bipartisan issue. The left opposes indentured servitude. The right opposes Marxist administrators using a combination of egregiously high costs and price-discrimination to impoverish families. My alma mater currently costs over $70,000/year.
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Replying to @__ice9 @AlexGodofsky
Business idea: time travel service to let students attend school in the 20s
7:23 PM - 20 Jul 2018
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