Very, very serious question here.
What would be the consequences of ending all Federal Student Loan programs?
If the Federal Government stopped insuring Student Loans for College Students, what would the results be for Loan Companies, Students, and Colleges?
I don’t have an answer for that. I do know that we can all say conclusively that by and large, the program is a failure since the degrees are useless and do not garner jobs with the ability to pay back the loan. A vicious circle.
Those little schools that started popping up over the past forty years will disappear. Just in New England I can think of a bunch of junior colleges that expanded to four years and built up their campuses. The pool of money will drain and they will go under, not being able to pay off their debts. You will need to look at schools with great endowments and little debt. They will live on.
Stopping ALL taxpayer supported loans need to happen. It is the only way for quality education to return. To be effective, it must happen all at once, not transitioned.
The marketplace should price the cost of college.
One certainty is that such course studies such as Feminist Studies, Climate Science, and the Evils of Capitalism would surely end.
Probably 90% of college students are wasting their time and wasting our hard earn tax dollars on an absolutely useless education.
50 plus years of government intervention has successfully morphed our educational institutions into a Socialist indoctrination system. It must end if our Republic is to survive.