Quote:
Originally Posted by Rick Lee
If the gov't. didn't back (uncollateralized) student loans with my tax money, I wouldn't care at all about the ease of getting loans for a PhD in basketweaving. As long as I'm not paying for it, knock yourself out. But as long as I am paying for it (which I don't want to do) or at least covering the risk, I'd like to see some actual sane underwriting decisions in the loan process.
|
+1
Why take out a loan for something as extravagant as knowledge that isn't marketable? There is nothing wrong with knowledge that isn't marketable, but it's a luxury not everyone should be afforded. As for underwriting, it would be a benefit to the student in that it would cause them to think seriously about a plan for their life. If a student can show a plan for paying back a loan for a degree in transgender hispanic BJs or whatever that was then go ahead and underwrite it, but it shouldn't be automatic.