It is time to rethink how people pay for college. If you want to go to college you apply for a government loan to pay the college . Here's the kicker depending on your major it will decide on your size of the long for instance the government sets the rates not the college engineers , scientists doctors every major is regulated if you complete the course and obtain work in your field and you pay on the loan with out missing a payment for 5 years then 50% of the loan is forgiven. But any and all bullshit liberal art majors would be required to obtain funding from private lenders. No more funding anachists, communists with tax payer money. Second the federal Government would dictate the said courses not the colleges or the professors and this would all be accomplished via the Board of Education.
Comments (20)
sorted by:
How about we get rid of the government involvement in loans altogether and let banks do this instead. If the government controls student loans colleges will just continue raising tuition costs because you can't get out of student loan debt even if you declare bankruptcy. That means schools are almost guaranteed their money so they can just continue to raise prices. Put banks at risk some by making the loans about to be defaulted on and then you end up with more incentive for reasonable prices and denying some loans.
This! Thomas Sowell 101!