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Reply to "Concerns That New Department of Education Earnings Test Could Undermine Arts, Public Service Degree Programs"
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[quote=Anonymous][quote=Anonymous]This is crazy. We had an awesome student loan program with almost zero defaults. We should not have changed a thing.[/quote] I am not sure if you are sarcastic or truly not aware. Here is a pretty good article from the Motley Fool (funny name, serious topics) - https://www.fool.com/research/student-loan-debt-statistics/?msockid=107a8323f45165f2061e9783f5f96456 Here is another one - https://thecollegeinvestor.com/39673/does-the-government-profit-off-of-student-loans/ Can you think of any business that can sustain up to 20% loss each time they sell something? I can agree with government breaking even on the loans, but losing money every year requires action. Best not to provide loans to customers who are at a high risk of not paying back in the first place. [/quote]
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