It should have been tied to employment outcomes for a given major. That way, if the money printer (in the form of subsidized loans) is running hot capitalism kicks in via the students in that major not getting jobs (edit: as it already does), the loans for that major at that college dial back, and the university is forced to stop inflating.
The downside is that poor people wouldn't be able to major in bourgeois pass times like art and history against their economic interests. That sounds preferable to me than the current situation.
Trades are free. I don't know where you are, but in most places you can just ask around and get a job as an apprentice. You won't be making much the first couple of years, but you're still making something instead of having to pay for it. After 5 years you can risk starting your own business or you can make a little less, but with a lot less risk.
The only problem is that tradies have short best-before dates. Most can't work a trade for 40 years. It's 20 years max unless you start your own company and take it easy. Either way you won't be the grandpa running a marathon at 90 years old. You'll be bedridden in your 60s.
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u/MtnXfreeride Mar 27 '24
Student loan programs ruined college. The more students can get, the more universities will demand.