I would like to see all federal funds going to colleges be pulled and reevaluated based on S.T.E.M. scores. No more federal loans to would-be lawyers, actors, poets, social justice warriors, community organizers, or journalists. Let the state or the communities subsidize that themselves.
Would like to see a chart/map of where all academic federal dollars go and a breakdown of the Majors of federal student loan recipients.
Student loans for real life learning skills
I would like to see federal fund eligibility be based on graduates being employed at a salary which would enable repayment of the loans. I would bar federal fund eligibility for majors which do not justify their tuition.
I would want institutions to effectively co-sign loans, with the feds being able to claw back the funds for graduates who default.
If you look at what is claimed to be the 10 most popular college majors in 2016. Only 3 out of 10 accounting , nursing & business BAs/BSs have high probability of giving any ‘Return-On-Investment (ROI)’ to the taxpayer (and the college/university- as gifts, etc.) if USG-backed student loans are used to finance. Any USG-back loan system should take ROI into account before financing.
Aside: I have no insight as to who or how this list was compiled but it seems to “fit” personal anecdotal evidence as both a student & parent. I got it off the “Internet” so take it with a grain of salt!