> It would be great if easy lending went away. It definitely needs to. The whole thing hinges on some tenuous idea of "social good" that I'm not sure has ever

> It would be great if easy lending went away. It definitely needs to. The whole thing hinges on some tenuous idea of "social good" that I'm not sure has ever been proven. Heck, the title of most educated nation goes back and forth between Russia and Canada. Russia especially does not stand out as some utopia of "social good" – if anything, it is surely towards the bottom of the list. And Canada spends most of its day wishing it were the USA. Not exactly strong markers of "social good" success. If there were an "economic good", then these loans would be also unnecessary. Lenders would be lining up down the street to give you a loan on the basis of a percentage of your future income without any political incentive. But leaders aren't stupid. They know you will never turn the degree into anything. The data about that is abundantly clear.