The blank check is ultimately the problem. I say remove the blank check and then let colleges figure out the rest.
I look to the UK as an example. The government only guarantees $10,000 in student loans so most programs coincidentally cost less than $10,000. Are there exceptions? Yes, but for the most part this holds true.
Not a complete solution but does significantly help to address the blank check issue.
I look to the UK as an example. The government only guarantees $10,000 in student loans so most programs coincidentally cost less than $10,000. Are there exceptions? Yes, but for the most part this holds true.
Not a complete solution but does significantly help to address the blank check issue.