I like this take. Though, I do think there is some predatory behavior in the loan process that should be ....minimized.Mjl wrote: ↑Fri Jun 30, 2023 11:25 pm The free market should take care of this. College education is no longer worth the price for many jobs. Employers who stop requiring college degrees will do better because they get a wider selection of candidates. Colleges will need to become more affordable or die out.
Paying the debts of those who knowingly took loans isn't the answer. It's a gamble to take a loan to go to college. I don't want to pay the debt of those who lost on that gamble.
But...most loans for most things have issues that needs to be carefully reviewed.
Also...I think its impossible to baby proof everything and provide soft landings for every situation in every aspect of life. Some lessons in life are painful. Ive had a few myself.