sadsituationJD wrote:Furthermore, every indication is that the jobs market/wages is getting worse, not better. It will continue to get worse because America is a country on the decline. Our best days are, sadly, behind us. This is the first generation since WWII that will see a markedly lower standard of living than their parents. The real place to address the student loan issue is on the front end, with salary caps for profs and admins at schools which accept federal money, as well as requiring proof of certain salary/employment metrics & outcomes to be eligible to receive federal $$$.
Why not eliminate government-backed student loans? If I'm a bank, there's not a chance I'm loaning someone $200k to go to Charlotte School of Law. Banks won't make these loans, these schools won't get enrollees, and they will be forced to reduce tuition/class size/salaries until they are forced to close up shop altogether.