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Don't know if it'll make Colleges more affordable, but it'll definitely deter lenders from giving out loans to applicants that aren't as academically inclined o

• lotsofpulp 4y ago
  > The idea of banks having a risk free loans never really made sense to me... They do not since 2010: https://en.wikipedia.org/wiki/Health_Care_and_Education_Reconciliation_Act_of_2010 https://en.wikipedia.org/wiki/Health_Care_and_Education_Reco... > Ending the process of the federal government giving subsidies to private banks to give out federally insured loans. Instead loans will be administered directly by the Department of Education.[23]
• treeman79 4y ago
  Right now a college can offer useless easy degrees and charge anything they want, because 18 year olds have easy access to huge sums of money (government backed loans) and also tend to make poor financial sessions.