[PapaBear3625]

I've long advocated that colleges be a co-signer on student loans, and take the hit if the debtor defaults.

One big reason why nobody seems to want to bring the free market into these loan decisions, is that they are afraid of being called racist if they apply a risk-appropriate interest rate or loan limit to somebody going for a (whatever)-studies major.

[Lou L]

I've long advocated that colleges be a co-signer on student loans, and take the hit if the debtor defaults.

Do any other loans work this way? Housing loans? Car loans? Small business loans?

Why would we insist that colleges take on the debt that its students incur?