But the only reason, if any, for having the government involved in loaning money for ANY degrees is if there is an actual shortage of them and we need to encourage them for some reason.
Tiny Hillsdale College has their own group of lenders lined up to make student loans at a rate below what Fedzilla charges. They can do this because their students learn something useful and pay back the loans.
As far as I know, they don't even award STEM degrees because they are a Liberal Arts College. The point is that if they can operate on this model of finance, there is no good reason why any other college can't do the same.
If we’re still talking about Georgetown. On both the undergrad & grad level it awards science & math degrees. I am pretty sure it has no engineering program. In DC if you want to go to a Catholic school and do engineering you go to Catholic U of America.