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Old 07-03-2020, 08:55 PM
  #191  
PurpleToolBox
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Originally Posted by NE_Pilot View Post
I have been known to go off on tangents chasing squirrels, so there’s that.

I think doing this will have the least negative side effects in the long run. The main issue is that it will cause short term “pain” in making college “unaffordable” to most people as the loans will dry up faster than the prices will drop, but the prices will still drop quickly and that temporary “pain” won’t last. Universities will also protest as it means they will no longer have a source of unending funding and will have to cut budgets, but I think it will force the focus back to providing a quality education.
By definition, if you are taking out a loan for something, you CAN'T AFFORD IT.

Trust me, there will be plenty of banks lining up, fighting over each other to give loans to people who can't afford college.
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