As an economist, I totally agree. Funding of high-return majors by good students should have rock-bottom interest rates.
The govt should only be stepping into the loan market if the market isn’t happening. (Not that the market is doing loans wonderfully, but there are some new innovators.)
The govt should be helping the poor and investing in strategic capabilities. But the whole loan market and helping school rob parents of as much as they can pay? No.
The govt should only be stepping into the loan market if the market isn’t happening. (Not that the market is doing loans wonderfully, but there are some new innovators.)
The govt should be helping the poor and investing in strategic capabilities. But the whole loan market and helping school rob parents of as much as they can pay? No.