It's not bad. But it doesn't matter how much tuition costs or what degrees offer pay or not. Everyone will study whatever they want, borrow at 1000% interest if necessary or 1% interest for "profitable" degrees, and then dump the dept as soon as they graduate.
Or am I missing something? Original question, what's stopping everyone from defaulting right after graduation?
Or am I missing something? Original question, what's stopping everyone from defaulting right after graduation?