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> by fining them a fraction of their graduates’ student debt defaults, charging them an insurance premium against such failures to repay, or some similar mechan
by awb 5y ago
> by fining them a fraction of their graduates’ student debt defaults, charging them an insurance premium against such failures to repay, or some similar mechanism, the concept of schools sharing the risk of inadequate performance
Wouldn’t colleges just charge more to account for the potential fines?
Or maybe they would allow fewer students to graduate, at which point students have student loans and no diploma. Sounds like a lose/lose.
I’m also wondering if the data on loan defaults after attending a certain college would be consistent enough to attribute the default primarily to the education rather than to luck, major life events, lifestyle choices, etc.
And if a student graduates with the lowest GPA possible, do they not bear some responsibility for low aspirations or low ability as well?
I’m a little perplexed that this is a serious proposal.
- fmajid 5y agoThey would close or shrink departments that lead to careers with poor incomes. I'd argue that wouldn't be such a bad thing. Many departments like English are notorious for conning gullible students into grad school with marginal at best career prospects, just to preserve their turf in internecine inter-departmental turf wars.