Originally Posted by
rickair7777
Yes, the Gov should only backstop student loans where...
1. There's a specific public interest.
The obvious ones...
a) Shortage (or projected shortage) of XYZ Engineers, Nurses, etc.
b) Help disadvantaged youth.
Might be others too.
AND
2. There's a reasonable ROI and economic trajectory to repay said loans... so the loan amount, major and grades matter. Maybe the school matters too, in that a Wharton MBA might be able to pay off a loan that a U. of Phoenix MBA would struggle with.
Disallowing people to BK out of student loans is necessary, otherwise nobody in their right mind would grant student loans unless it's for Yale Law or MIT. Otherwise you'd need a co-signer and/or collateral, ie well-off parents.
Id rather the gov just stay out of our most everything, education, health, my wallet etc
It literally NEVER makes things better
If industry needs more people, they them subsidize training required for the positions they can’t fill
If banks see the money someone can make with XYZ degree let them write the paper