The people crying the loudest about loan forgiveness are people who went to expensive colleges and obtained unmarketable degrees.
It is well known that many of these boutique colleges charge a lot of money because they will find people to pay the price. Simply lowering the interest rate on a loan will do nothing to stop this.
Requiring colleges to peg the total cost of an education to what a graduate can earn in that field in one year would be a good step towards reducing pointless degrees and laughably expensive tuition.
It is well known that many of these boutique colleges charge a lot of money because they will find people to pay the price. Simply lowering the interest rate on a loan will do nothing to stop this.
Requiring colleges to peg the total cost of an education to what a graduate can earn in that field in one year would be a good step towards reducing pointless degrees and laughably expensive tuition.