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Monday, November 9. 2015

What We're Buying With $1 Trillion in Student Loans


McArdle: What We're Buying With $1 Trillion in Student Loans


Who is "we", Kemosabe?  Oh, it's me. I have no problem with loans for cars, houses, boats, school, or anything else. Government-subsidized loans? No. Not necessary and distorts the price structure the same way mortgage interest deductions do.

Posted by The Barrister in Education at 13:37 | Comments (5) | Trackbacks (0)

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I think we should enact legislation that does not allowed student loans to continue for any student who does not make a C average. Why would we subsidize failure?
#1 MissT on 2015-11-09 14:41 (Reply)
The school would just give them all Cs to get the $.
#1.1 Bird Dog on 2015-11-09 15:48 (Reply)
Part of what we're buying is the giant lobbying industry mentioned in today's top post. It's a money circle just like the one the public unions indulge in.
#2 Texan99 on 2015-11-10 08:59 (Reply)
Part of the solution has to be tying the availability of student loans to the anticipated probability of the ability to repay them.

You're a straight-A student with AP credits in Calculus, Physics, Chemistry, and German going to a state school to study petroleum engineering? Head of the line.

You're a C student with marching band and prom decorations committee (member) as your only extracurriculars? Loans should be a lot harder to come by.

Yes, there need to be programs for those with demonstrated ability and low income, and probably bonus points for being a first-generation collegian. But the idea of allowing people to rack up $80k in debt to get a general business degree from a third or fourth-rate school is just unsustainable.
#3 Another guy named Dan on 2015-11-10 10:27 (Reply)
We shouldn't 'allow' or not allow student loans. The federal government has no business in the business of making or subsidizing loans period. End it. End the Department of Education too.
#4 GoneWithTheWind on 2015-11-10 10:39 (Reply)

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