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Political Discussion
Reply to "WTF? Govt rewarding bad behavior Part II"
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[quote=Anonymous][quote=Anonymous]1) How does changing the interest rate base on your major decrease the total amount of loans being taken out? The market will adjust and maximize the amount of money/loans. 2) How do you determine which degrees will be in demand in future years? You are saying the government should choose the degree and college/university you get/attend? Future income is some what tied to your degree and the college/university the degree was granted. Government picking winners and losers. What about removing the government loans from the picture and let tuition prices react in a more free market way?[/quote] you can still save your own money and spend it as you wish, its when you borrow should the risk of default be assessed by the lending institution (government or private). you can determine risk by starting salaries of majors by looking at stats such as nace. [/quote]
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