There’s no fool like an old fool? Try, There’s no fool like a ‘know it all young fool’

coachisright.com ^ | JANUARY 1ST, 2013 | Kevin “Coach” Collins

[Vigilanteman]

This whole problem could be solved virtually overnight if every college and university in America was forced to adopt the same financing formula used by Hillsdale College in Michigan.

Hillsdale has their own pool of lenders and a sort of perpetual education fund whose seed money was provided by successful graduates and other admirers of the institution. They also have a very low default rate because they are a conservative college and teach kids useful, marketable skills which turn into actual jobs and enable them to repay the loans.