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I read about an even more radical proposal: make the schools themselves back the loans. If Univeristy X graduates can't get jobs that allow them to pay back the

I read about an even more radical proposal: make the schools themselves back the loans. If Univeristy X graduates can't get jobs that allow them to pay back their loans, University X is on the hook.

twoodfin 13y ago
Harvard can afford to let disadvantaged students in for free, but many middle and lower tier schools would become averse to admitting/financing poor or otherwise "risky" students under such a scheme.