Hacker News new | ask | show | jobs
by dbspin 127 days ago
A liberal education serves a social function. It makes human beings.

There's a student loan crisis because US education is dominated by for profit colleges (in start contrast to most other countries) and because student loans lack ordinary consumer productions (in stark contrast to all other countries).

In the US students act as guarantors for debt obligations between the government and commercial institutions. The reverse of the usual arrangement.

1 comments

>There's a student loan crisis because US education is dominated by for profit colleges

No it's not. Most students go to public or non-profit colleges, and most student loans is from government (not private) lenders.