Agreed, though if the incentives weren't so misaligned it wouldn't doom you to 20-30 years of struggle if/when you didn't think for yourself.
For example, if the loans weren't backed by Uncle Sam there would be some threshold at which the loan providers would say "OK people studying this aren't getting jobs." Or if the universities that were promising careers had their feet held to the fire somehow before it had to reach ITT Tech billions of dollars.
I've been thinking a lot about a model in which education is extended as credit. If students paid back a percentage of income how would that change colleges? I don't have all of the answers, and bootstrapping that kind of thing is rough, but I'm trying a few experiments along those lines that could be very interesting at scale.
For example, if the loans weren't backed by Uncle Sam there would be some threshold at which the loan providers would say "OK people studying this aren't getting jobs." Or if the universities that were promising careers had their feet held to the fire somehow before it had to reach ITT Tech billions of dollars.
I've been thinking a lot about a model in which education is extended as credit. If students paid back a percentage of income how would that change colleges? I don't have all of the answers, and bootstrapping that kind of thing is rough, but I'm trying a few experiments along those lines that could be very interesting at scale.