> We want everyone who can, rich or poor, to be able to go to college. So everyone gets a loan no questions asked That doesn't mean the loan needs to be unlimi

> We want everyone who can, rich or poor, to be able to go to college. So everyone gets a loan no questions asked That doesn't mean the loan needs to be unlimited. Pretty much every story you hear about unreasonable loan repayments are from people who went to a private school and spent $50,000 a year on a major that doesn't have good job prospects. I went to a public state school and most of the people there were because it was cheaper than going to out of state schools or private schools and they majored in subject that had good job prospects. A simple cap on college loans per major would force people to choose cheaper schools (like starting at community college and going in-state) and/or more job economical majors so they don't drown themselves in debt that they cannot pay off. > Which leave one option, the one other developed continues use. Which is hammered with words like "socialist" or the like. Except that solution involves subsidizing everyone to go to college despite how economically useful going to college is for each person. For a prime example, see this topic [0] where european colleges were losing all of their top AI professors because they wouldn't pay their AI professors market wages because they got paid at the same rate as un-economically useful majors. [0]: https://news.ycombinator.com/item?id=15600275 https://news.ycombinator.com/item?id=15600275