I’ve heard that the federal government is promoting the idea that all citizens should be able to go to college, and that it is the job of government to make it happen by providing access to student loan funding.
This article outlines some serious economic threats posed by allowing students to borrow large sums of money to earn degrees in fields that promise little ability to pay the loans back.
More research is needed to understand the link between student loan default rates and specific programs of study. Eventually the only students who will have access to federal student loan funding will be the ones who study computer science, business, and healthcare. It’s all about accountability.
After all, do you want your taxpayer dollars funding art, music, dance, poetry, and philosophy, when the likelihood of employment in those fields is nearly nil? Will you miss the humanities when no one can afford to study them anymore?
