Peter Morici points out what is wrong with higher education--far too high a price for far too little actual education--and points out that if loans are made by private lenders and are dischargeable in bankruptcy, a lot of the shenanigans in higher education would end.
In other words, as I've noted a few times before, bring back the green eyeshades guys to ask people "now how do you propose to pay back a quarter million dollars in loans with your Ph.D. in ethnic studies?" (real example of someone I met) It is beyond time to get the government out of the business of making student loans.
Senator Mitchell: DFL, Woodbury
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MInnesotans: “Judd Hoff. Matt Roznowski. Julie Blaha. John Thompson. Dan
Wolgamott. Brion Curran. Andy Smith. Can the DFL get any more depraved?”
Minnesota...
41 minutes ago
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