Currently with no discharge in bankruptcy, and federal backing ... it is impossible for banks to lose money. That incentivizes every investing fees and bloat.
If you don't think republicans are working hard to keep that status quo so banks make endless money, I don't know how to fix your stupidity.
Democrats continue to fight for the status q because it continues to look good on paper how many "minorities" are enrolling in college.
I'm but saying minority enrollment is a bad thing. It absolutely isn't. But, the way we go about it is the height of stupidity. Allowing anyone to saddle themselves with 100k in debt for mostly worthless degree in a major no one gives a crap about and calling it a win, is what's happening. " Statistics be damned, degrees for everyone!" Is the Democrat mantra, while the Republican mantra is "everyone gets paid! ... . Except of course the degree recipient ... . But who cares about them! Capitalism hell yeah!"
We need to be rewarding the hard sciences, management, busing and other high paying in demand jobs and letting charities and rich uncles help pile get degrees in areas with low rates of return.
One of the things I find unreal, is that to be s as teacher, it's a requirement in many places to have a masters degree, which represents tens of thousands in additional dollars spent on education ... .. for a job that on average, pays 50-60k a year. It's crazy.
Middle management security jobs at many companies pay 60-70k and require advanced degrees. We are requiring people leave their future with massive debt in the hopes of return, but mostly that return isn't there.
