As long as colleges are propped up by tax dollars, and there is an unlimited number of students dumb enough to pay more for a degree, than the degree is worth - there is no need to be either competitive, ethical or moral
Student loans should be underwritten by the institutions the students will be attending. The foreseeable change is that Students would be loaned money the institutions expect to recoup, which would mean an increase in marketable skill sets and a decrease in useless degrees. Otherwise, the probability of the University being repaid would be much lower.
With the decrease in Majors which produce unemployable graduates, the departments which produce them would become less desirable to maintain as a matter of the business end of the University system, and hopefully, the amount of Socialist programming would decrease as well as the employed faculty.
It is only the buffer that Federal Loans provide that creates insulation from the realities of the marketplace that permits such nonsense, including the insulation from the realities of a Capitalist economy.
Make colleges responsible for the loans.
Some right and some wrong here.
I think probably there should be some small program for federal student loans based on some kind of service, or commitment to such. it should be limited to that.
If Private student loans were dischargeable in Bankruptcy the rest of the problem would have already taken care of itself.
Let it go back to the banks where it belongs.
We should tell high school students that they will not receive federal loans. You will see tuition rate drop everywhere. Some universities will be forced to close. But you have to cut off the fat.
Abolish all liberal brainwashed in institutions...not just schools.
But you can get as much money as you want for a student loan?
Someone has a racket going.
No. Abolish the dep of ed, and lower taxes by the same amount the dep of ed was costing. The states really do not need the fed dep of ed.
The blame is not with the student loan program as it is run but by its mere existence. Colleges charge whatever students can come up with.