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Given how much an educated workforce gives back to our country, I never understood why the government doesn't offer interest-free student loans - especially sin
by Crontab 8y ago
Given how much an educated workforce gives back to our country, I never understood why the government doesn't offer interest-free student loans - especially since the debt cannot be discharged via bankruptcy.
- zeveb 8y agoBecause interest-free student loans don't necessarily increase an educated workforce; they might also just line the pockets of the academic-industrial complex.
- wycs 8y agoThe Case Against Education is a great book on this topic.
- Crontab 8y agoThanks for the suggestion. I'll take a look at it.
- stevenwoo 8y agoI do not know the solution but the current system already just lines the pockets of the academic-industrial complex, education costs keep rising at rates that are similar to healthcare in the USA.
- JumpCrisscross 8y ago> Given how much an educated workforce gives back to our country Subsidized student loans produced many quality graduates. They also spun off reams of communication majors. I'd actually argue part of the problem is lenders are totally immunized from the risk of their loans; if loans were priced to each institution and each major and each individual's academic record, that might pull wage and labor demand information from the labor market to undergraduate campuses.
- Nelson69 8y agoIsn't it simply guaranteed by the government? Private banks put up the money and the government only steps in to pay if there is a default. Isn't it a profitable business for the banks?
- hnaccy 8y agoIn my opinion America's educational woes starts far earlier than university, I doubt throwing free money at the problem would solve anything except inflate college costs and bureaucracy.