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There's two problems when students choose an institution: 1. Poor and too often manipulated information about a school's job placements. 2. Students are short
by cheriot 11y ago
There's two problems when students choose an institution:
1. Poor and too often manipulated information about a school's job placements.
2. Students are short sighted about debts and schools don't care because the money is government guaranteed.
Solvable problems! Have an independent party collect and report on job placement. Then tie a school's loan eligibility more closely to the ability of recent graduates to pay.
- evanpw 11y agoIt seems like it would be even better to tie eligibility to the borrower's major. Return on education expenses are more closely related to what you study rather than where you study it: http://www.economist.com/blogs/graphicdetail/2015/03/daily-chart-2 http://www.economist.com/blogs/graphicdetail/2015/03/daily-c...
- cheriot 11y agoIf we do both then both the school and student are incentivized! (I was thinking of the for profit schools owned by hedge funds)