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Why should that be stopped? That should be part of the risk the underwriters take into account when making the loan. Of course, the outcome of that would be tha
by rhexs 8y ago
Why should that be stopped? That should be part of the risk the underwriters take into account when making the loan. Of course, the outcome of that would be that a large number of degree programs would no longer offer any meaningful loans, and then students would hopefully not be graduating with 50-100K in debt for a gender studies degree.
The only way to have institutions underwrite a loan for a degree that has limited economic value is to make the debt nondischargeable.
So, you either have nondischargeable loans for these types of degrees, else you start having the difficult conversation that maybe everyone doesn't actually need to go to college.
Obviously, one of those arguments plays well.