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His example is talking in aggregate, not specific students. Sure, you might have an art history major find a job quicker than an engineering student, but who w
by bluedevil2k 8y ago
His example is talking in aggregate, not specific students. Sure, you might have an art history major find a job quicker than an engineering student, but who will end up getting more jobs, 100,000 art history majors or 100,000 engineering students?
The loan market in the US IS improperly distorted right now - it treats all loans as having the same repayment risk...which is absurd. What we need is a loan system that offers interest rates based on majors. Computer science major? 4% interest. Comparative women’s studies major? 25% down and 12% interest.
“That will just make it MORE difficult for liberal arts majors to repay their loans!” — Yes, exactly. It’s a market signal to re-evaluate their decision, or skip college entirely.