3 ms·
Thats close to what I was going to say: the answer to the prompt in the headline is clearly "don't admit them to college". But since there is a massive profit
by readthenotes1 11mo ago
Thats close to what I was going to say: the answer to the prompt in the headline is clearly "don't admit them to college".
But since there is a massive profit motive to admit and keep young fools taking on student loans, I doubt that's the answer the industry would adopt
Or as Munger said "show me the incentive and I'll show you the behavior"