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absolutely. if people paid market rates for education loans, you'd see an increased focus on rate of return. And we'd also see an increased focus from schools
by stretchwithme 17y ago
absolutely. if people paid market rates for education loans, you'd see an increased focus on rate of return. And we'd also see an increased focus from schools on quality instruction in well paid fields and less spending on recreational facilities.
For-profit schools may not be as well regarded, but remember that they have to pay taxes while the others don't. And many get a lot of other subsidies as well. So the real costs are somewhat obscured.
- hristov 17y agoI am not sure I agree with that. I like subsidized loans. They should just be more careful that the loans go to worthwhile schools and degrees.
- stretchwithme 17y agothey'd be more careful if they personally were taking on the real debt that makes the subsidies possible. instead, others are forced to take it on because they'll be stuck paying off a massive $13 trillion national debt. its time people took responsibility for their own choices.