Quote:
Originally Posted by Oerets
Very true. Still can see the argument though. If you pick a field of study, go in debt willingly. How is it the rest of our fault you pick one with low pay?
A blanket forgiveness of loans I still feel was a bad move.
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I propose that student college loans be structured like mortgages where the terms are longer, can be prepaid and the loan should take into account the earning power of someone who gets a degree in a specific field.
It is quite conceivable that ones earnings can be predicted upon completion of a college degree. Here is where the true problem may lie, not every student is college material, I am guessing in the 20% range in professional fields.
So dropouts will have loans but nothing to show for it.
Unfortunately, college tuition loans are geared for banks to make money with little or no risk, not to promote college education. Med students often rake up few hundred thousand of debt before they are licensed to practise.