[cynwoody]

Sounds vaguely Islamic.

Like, how do you have a loan and pay interest without having a loan and paying interest?

[Dilbert San Diego]

I’ve seen reports which say that colleges have raised tuition and fees precisely due to the fact that there is so much loan money available.

College costs have risen far higher than the rate of inflation in recent decades. So one does wonder, if the knowledge that ever increasing tuition will be paid by loan funds, caused college administrators to keep raising tuition.

[VanShuyten]

” advance the needed funds for college to qualified students”

I cannot see where a liberal academic would not find a Women’s Studies student unqualified. There’s no incentive for the administrator to discriminate based on future earnings even though the college as a whole would lose money.

[grania]

It might have worked back when this idea was first proposed. Jobs were plentiful and people had confidence in the future.

But today? Being unemployed has become quite lucrative. If a person went to work and part of their salary would go to that college debt, it might be another reason to become a taker instead of a contributer.