[Dark Knight]

When the debt was private, you had to convince a lender to back you. Crappy students did not go to college. They did not get “scholarships”, they did not pass classes and get degrees.

Now employers cannot trust a degree, even from an accredited institution, loans are handed out like candy and two people with a quarter million in debt go on TV to complain that he cannot get a job with his MBA. Would you hire an MBA from a no name school with a quarter million debt?

The next government bailout...is going to be student debt...money from dwindling tax payer base to FEDGOV.

DK

[Maceman]

Now employers cannot trust a degree, even from an accredited institution,

There is a silver lining here -- which is that employers will stop requiring college degrees.

I think that is a good thing in today's environment, where colleges have deteriorated drastically into moron factories that seem to offer only leftwing indoctrination, political correctness, and all sorts of absolutely stupid courses and majors that are completely worthless.

The more colleges that close because of this trend, the better, and the fewer students who get trapped in the det/worthless education just because they think they need it to get a job, the better. And the more companies stop requiring college degrees, the better.

I have a daughter who will be of college age in a couple of hears, and I am very much opposed to her going to college.

I love the idea of the University of Everything

[pabianice]

Become a Doctor of Social Justice! at UMass.

[St_Thomas_Aquinas]

-— When the debt was private, you had to convince a lender to back you -—

It’s not that complicated, is it?

When you’re insulated from the effects of your decisions, it’s no wonder young people don’t understand cause and effect.

[the_individual2014]

Agreed and I will go further and say that even with the hiring of so many working with college degrees has not improved the workplace as a whole, and a good chunk of them will probably end up being replaced or fired, it might look good with HR but in reality, just because they have a degree that does not mean they are ready for the job and god forbid a supervisory position, seen way to many N00bs with just a degree %uck everything up because they think they know more than others when they do not.