Originally Posted by
jungle
I agree, but as you have noted, the relative value of education is highly dependent on the practical value that it brings.
Spending six years on a masters thesis on Transgender Midget Colonialism may not pay off in the long run.
Education is possibly one of the biggest bubbles out there, and it seems the buyer's remorse is fairly large for many who chose an impractical course of study.
The arts may always be studied at a later time.
I have long been in favor of letting the marketplace determine the student loans.
Actuaries can tell, with great accuracy, when you are going to die based on your situation in life and how you live it. That is how insurance companies make their money.
A similar procedure would improve our system of higher education. Engineers, scientists--anything where math is not just a diversity requirement for graduation would get low rates and large loans. Others could pay their own way.
WW