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Beautifully said. As a follow-up question to your last sentence, do you have any thoughts on collateralization? Not so easy when the asset grown to pay back th
by lr4444lr 10y ago
Beautifully said.
As a follow-up question to your last sentence, do you have any thoughts on collateralization? Not so easy when the asset grown to pay back the debt is social/intellectual capital, but I think we could come up with creative solutions for certain degrees and borrower profiles.
- austenallred 10y agoI think it makes a lot of sense to have a simple model that predicts ability to repay and to not give out loans to people who won't be able to pay them back. But that would have to happen at a federal level, and imagine being the politician who pushes that through. Until that happens the universities won't care, so it would have to be a societal shift.