Maybe lending should be risk based like other types of lending.
250k for med school, sure.
100k for undergrad in women's studies - no government guarantees for you
I'm sure there's enough data already on the RoI of various programs. Seems like there should be a floor / bar based on the RoI for programs to qualify for government backed loans to students.
When the gov is in charge of things, there are too many vested personal interests that would argue certain unprofitable programs need more funding anyway etc... The only way these things can be assessed with certainty is when a private company is giving out the loans and they have real skin in the game.
250k for med school, sure. 100k for undergrad in women's studies - no government guarantees for you
I'm sure there's enough data already on the RoI of various programs. Seems like there should be a floor / bar based on the RoI for programs to qualify for government backed loans to students.