[bluedevil2k]

That’s one of the issues though, colleges have no skin in the loan game and don’t really care if the students made a good investment or not. They have no principal in the loan and therefore no risk. To them, every student is free money. If the kid drops out and can’t pay any more, they don’t care. If the kids graduates with some liberal arts degree, 6 figure debt, and no job prospects, they don’t care.

The real solution to soaring college costs HAS to include some provision where the university incurs some of the risk of repayment. Imagine how much more selective they’d be if they held 20% of every student loan. Or, imagine the guidance counselor resources that would suddenly appear when they have to care about what you do after you graduate.

[dsfyu404ed]

Colleges ACTIVELY game the system by enrolling people in programs they will drop out of. 500+ student freshman lectures turn a profit. 50 student capstones are a loss. So the universities don't mind it if people enroll in stuff they're not qualified for and drop out or transfer after a year or two.