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The Education Department has assembled a “behavioral sciences unit” to study the psychology of borrowers and why they don’t repay. “We obviously have not crack
by nothrabannosir 11y ago
The Education Department has assembled a “behavioral sciences unit” to study the psychology of borrowers and why they don’t repay.
“We obviously have not cracked that nut but we want to keep working on it,” said Ted Mitchell, the Education Department’s undersecretary. He said many defaulted borrowers dropped out of school and are underemployed.
This is surreal. Could they be any more patronizing?
- DanBC 11y ago"behaviour sciences" sounds like they're looking at nudge-like approach to see if they can make more people repay, rather than just being clueless about the fact that unemployed people have no money.