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We can talk about the incentive structures of loans all day, but what I’m saying is that if you take a step back, that problem is dwarfed by the broader incenti
by epgui 2y ago
We can talk about the incentive structures of loans all day, but what I’m saying is that if you take a step back, that problem is dwarfed by the broader incentive structure of a system where education costs 30-100k per year.
- bee_rider 2y agoI suspect the prices are a symptom of the underlying loan problem. Young adults would not be able to secure 100k/semester loans in a rational market that has to account for the fact that they might not be able to pay them back. We should also subsidize education, definitely. But I first step should be to not intentionally mess things up.