[blueplum]

my thinking is, if you limit the number of degrees per year (like nursing/med schools have done for decades), then you don’t have 500,000 people with psychology degrees oweing the taxpayer $150K+ in federal student loans apiece, they likely will never repay (and in fact, may tend to be ‘professional students’).

Somebody wants to get a psych degree anyway in spite of a 30-yr flood in the jobmarket, let them pay for it themselves and they can be very happy with their $18K a year career.

[Cheburashka]

my thinking is, if you limit the number of degrees per year (like nursing/med schools have done for decades), then you don’t have 500,000 people with psychology degrees oweing the taxpayer $150K+ in federal student loans apiece, they likely will never repay (and in fact, may tend to be ‘professional students’).

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So how many thousands of government bureaucrats you plan to hire to decide how many psychology degrees we need per year? As well as every other kind of degree, of course.

Your solution is bound to start the Obamanation salivating. The obvious answer to any problem you can identify: A New Government Program!! More rules!! More regulations!! Then more programs, more rules, and more regulations to solve the unintended consequences of your original program!!

Um, I suggest letting the market handle it.

[Mamzelle]

Nursing med schools may do a certain amount of “guild mentality” behavior, but the real driver is the high cost of educating any kind of medical personnel. People can’t seem to understand that putting teacher in a classroom is cheap, hiring medical personnel to train students requires a hospital, an interesting patient pool...it is far more difficult to train an RN than a lawyer. But I keep hearing this “limiting” stuff. We wouldn’t be importing all these docs from Muslim countries if we could educate more US doctors. It’s cheaper to let other countries educate the docs.