[threwawasy1228]

It is easy to take potshots at people who got Art degrees, but what people never want to engage with is those who didn't do that. Investing 50-100k in a software degree may provide job-market-value and the ability to pay back the loan, but a huge loan is still a drain. A huge loan that was taken out to pursue a very economically viable career path still delays basic things like owning a home, marriage, children. The effect is more extreme on certain degrees than others, but that 60k still causes harm to the economy regardless.

[xibalba]

But that $60k has to come from somewhere, right? So what we're really talking about is where to shift that burden. Who pays?

And regardless of who is paying, society just doesn't value liberal arts degrees.

[bryanlarsen]

Who benefits most from having an educated workforce and a rich market? Company owners, aka rich people. It makes sense to me that taxes on the rich should pay for most of it.

[threwawasy1228]

The 60k comes from the loan officers, who work for institutions that are regulated by the U.S. Department of Education. And after you have graduated, your loan servicer is assigned to you by the the DoE, you don't get to pick that either.

So the burden to pay is on the voters who voted to put this system in place, and those who continue to keep it in place by not voting for politicians that provide alternatives.

[naravara]

Also if all those English degrees went and got comp sci degrees, those comp sci degrees wouldn't be worth nearly as much in the market.

[analog31]

Those degrees are already worthless. That's why we have coding interviews.