> Again, I don't know the solution. Regulate the number of graduates within a certain degree field?
Stop providing loan guarantees for all students regardless of the marketability of the degree they've chosen?
Stop providing loan guarantees for all students regardless of the marketability of the degree they've chosen?
Maybe make schools take some brunt of the loans. If they feel so strongly that their degree is worth it, its like they should back you as an investment.
[1] https://www.inc.com/salvador-rodriguez/long-term-coding-scho... [2] http://time.com/money/4568213/income-share-agreements-colleg... [3] https://www.economist.com/finance-and-economics/2018/07/21/i...
If bankruptcy could fix student loans, then the ones giving out loans would be a lot more careful, schools would stop wasting hundreds of millions on new buildings that that are 80% empty, and we wouldn't have a large segment of the middle class population in indentured servitude.
Seems pretty simple to me.
Full stop.
Need-based public aid (whether it's the recipients financial need or societies workforce need, or both) should be grants, and there should be broad opportunities for public civilian service that provides service-based grants not based on specific need, too. The former should have payoff considerations, the latter should not.