I firmly believe this should be the lender’s responsibility, the same way it works for business loans. If you are planning on borrowing that much money for something that will obviously never pay itself off…that constitutes a bad risk, and you should at least be advised against it, if not straight up have your loan application denied.
It’s ok, Bush made sure the government backs a lender’s investment by ensuring those loans are an inescapable weight students can never get away from, no need to do risk analysis.
Agreed. Best case scenario…higher education would be free. We should all be encouraged to expand our minds, regardless of the financial incentives. If someone wants to spend their entire life living in a dorm room, just to pursue their intellectual aspirations, I say let them.
I firmly believe this should be the lender’s responsibility, the same way it works for business loans. If you are planning on borrowing that much money for something that will obviously never pay itself off…that constitutes a bad risk, and you should at least be advised against it, if not straight up have your loan application denied.
It’s ok, Bush made sure the government backs a lender’s investment by ensuring those loans are an inescapable weight students can never get away from, no need to do risk analysis.
Or, we just get rid of the entire concept of a loan for higher education.
After all, if that were to be the case, who would be willing to lend for people to become artists or philosophers?
Bonus points being that having some sort of single entity could pressure schools into lowering the cost of higher ed…
Agreed. Best case scenario…higher education would be free. We should all be encouraged to expand our minds, regardless of the financial incentives. If someone wants to spend their entire life living in a dorm room, just to pursue their intellectual aspirations, I say let them.
This sounds like a whole heap of problems lol. Like the banks ultimately controlling what fields of education are considered acceptable. Sounds bad.