tag:blogger.com,1999:blog-8713689133160480763.post4463197029066824308..comments2024-01-27T10:07:09.125-07:00Comments on Along the Gradyent: Student Loan Program Running AmokAlong the Gradyenthttp://www.blogger.com/profile/05425166035931796723noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8713689133160480763.post-59932057812160370312014-03-05T08:48:03.294-07:002014-03-05T08:48:03.294-07:00When someone starts a claim with "obviously&q...When someone starts a claim with "obviously" you know it's not. There are plenty of capable poor students who can get value from an education and pay back their loans. If you want to give away money to poor students the absolutely wrong way to do it is through an indiscriminately administered loan program that is subject to massive abuse (including many state schools at this point who intensively push students to build up debt, it's a racket for all). This comment is old school real estate thinking -- loan most everyone what they say they need without regard to value or prospective earning ability -- the model that drove the financial meltdown in 2008. Someone who studies engineering will most likely be able to pay back a loan -- a theater arts or gender studies major not. Social objectives do not justify financial or fiscal insanity.Along the Gradyenthttps://www.blogger.com/profile/05425166035931796723noreply@blogger.com