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How would students defaulting on their debt cause the schools to shut down? They get the tuition up front.

• bluGill 7y ago
  Student loans would presumably not be given if the degree program isn't able to get you a "good" job after finishing it. Nothing wrong with getting a worthless degree: if you are into art you should get an art degree. However you should first get a good job that pays your bills and pay for that degree from your own fun money. As a society I help with your basic education because the value of everybody knowing how to read and do math makes it worth it.
  • gok 7y ago
    >Student loans would presumably not be given if the degree program isn't able to get you a "good" job after finishing it. Er, that's pretty much how we got here, they have been and are being given. Government-backed student loans have no requirement that they be spent on degrees that are lucrative.
    • bluGill 7y ago
      That can change. The implication that government is choosing which degrees are worthwhile is scary...