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Political Discussion
Reply to "Student loans - the obvious"
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[quote=Anonymous][quote=Anonymous]Don't lend to worthless low paying degrees like english , political science, etc... Unless they sign a contract to go to law school or some other post stupid undergrad degree.[/quote] I went to a liberal arts college and got a degree in political science. I had student loans which I paid off early. Now I make c. $500k/year (with graduate school and 20+ years of experience). Going to law school these days is a guarantee of nothing - some schools are contracting and many law school graduates are not finding work in their field. So from my standpoint my "worthless low paying degree" has served me well. A law degree may not have. Where are the defaults on student loans coming from? I know at one point the highest rate of default by far was from trade schools, some barely accredited, not from liberal arts colleges. What are the current stats on the defaults for liberal arts colleges/majors?[/quote]
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