Allowing kids to take out hundreds of thousands of dollars in loans for an education that may not provide any income benefit is obsurd. Colleges need to compete for students by offering the best ROI, instead they keep raising their tuitions with no repercussions and more and more fake colleges are popping up.
If colleges can’t offer a good ROI, this is bad business and students should be able to default on these loans or not be allowed to get a loan if there is no justifiable ROI.
Maybe then we’ll have more focus on trade schools for people that don’t fit the mold.