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It's a one-way bet for the Education Industry because these massive loans can't be discharged by bankruptcy. We have similar problems (thankfully not yet as ba
by Wildgoose 8y ago
It's a one-way bet for the Education Industry because these massive loans can't be discharged by bankruptcy.
We have similar problems (thankfully not yet as bad) here in England.
If the pieces of paper they are peddling are truly a gateway to a middle class lifestyle then surely the Education Industry would be happy to provide them in return for a fixed percentage of the above average wages that their recipients will be gaining?
And if not, why not?
As always, Incentives Matter. We need incentives to provide the best education at the cheapest cost. The Education Industry is ripe for disruption.