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Make the college take a 10% stake in each loan. Suddenly they’ll start being more discerning about who they accept and what their majors are.
by bluedevil2k 7y ago
Make the college take a 10% stake in each loan. Suddenly they’ll start being more discerning about who they accept and what their majors are.
- Vaslo 7y agoWhat a great idea!
- paulcole 7y agoIf someone told me they'd give me $1 if I throw away a dime, why wouldn't I just keep taking their dollars all day long?
- bluedevil2k 7y agoYou don’t get a dollar (in your metaphor)...a student still requires variable costs so you’d be left with maybe a dime.
- paulcole 7y agoNo. If the school assumes 10% of the risk of the loan, they still get the other 90% guaranteed.
- dredmorbius 7y agoFuture risk-affected dollars != current risk-free dollars. You have a cost of production. The risks can be managed.
- pkaye 7y agoSuddenly costs go up 10%.
- deleted 7y ago[deleted]