Originally Posted by
tennisguru
No, that’s way worse, since we the taxpayers would be on the hook for all those trillions of dollars of loans. A better option would be to take the government completely out of the loan business. I think that would force loan companies to do more “underwriting” of student loans to look at grades and potential income after graduation before deciding to loan an 18 year old 100k+...
Initially. But after the initial wound heals, banks would stop loaning money for a doctorate in 15th century lesbian poetry. Really, we are saying the same thing.