Reply to WTF? Govt rewarding bad behavior Part II

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[quote=Anonymous][quote=Anonymous][quote]create an incentive by mandating higher interest rates on degrees that don't pay well. I don't understand how you can charge the same amount of money for every major where as 3/4 of them are worthless and low paying.[/quote]

I dunno - my history degree led me to law school, and I'm doing pretty well - better than the guys working in our IT department, I assure you.  Many of my liberal arts classmates went on to consulting jobs, which don't exactly require you to lie on ramen, either (unless David Chang is preparing it).

Point being, it's not quite so simple as you make it out to be.  Wait a minute - reducing complex situations to absurdly simple solutions . . . who knoew Herman Cain frequented DCUM?  Don't you have other things to deal with today?    [/quote]

Look, if you didn't go into law school, you would be screwed and probably marching on wall street. When you borrow money from the bank to build a house or buy a house there is a long process to verify your income, ability to pay it back, the value of the product be loaned too, what career you are going into, and the potential salary. In your case I would make some type of promisary note indicating that you would be offered a good rate on your liberal arts degree IF you promised to go law school afterwards. This gives the lender a much better chance of being repaid.

What is the problem?[/quote]

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