Um, education? What's the value of a high school diploma if everyone has one?
If college is nothing beyond a financial investment, as the author seems to portray, then the government should not be involved at all. But there's a lot more to it. Arguably, society is better off if more people are educated. This is why we publicly finance education through high school. But after that there's a arbitrary cutoff.
> We should ask ourselves…why are we lending $250,000 to someone who makes $52,000 a year?
We should ask ourselves…why are we charging $250,000 to someone who makes $52,000 a year?
Funny how universities charge the same tuition, regardless of major. Nobody seems to question this painful fact. Should we simply abolish every profession that isn't lucrative?
> There’s a reason they are sprinting to restart payments after Covid. This is a huge money maker for the US.
Sprinting? The Biden administration has repeatedly postponed the restart of payments. Who are "they" exactly? Congressional Republicans demanded that payments restart now, as a condition of not defaulting on the debt of the United States government, a high stakes game of chicken.
> Reducing the number of college graduates will make employers not make it such a simple gatekeeper.
That's a very questionable prediction.