Simple fix...halt fed loans to college students, and let the universities themselves get into the middle of this mess.
Columbia endowment rises to $13.6 billion, outperforms peers in returns. Oct 17, 2023
Harvard University, with a $50.9 billion endowment as of 2022, is the wealthiest university in the world.
Yale U. $42 billion
Stanford $37.78 billion
The University of Michigan’s endowment climbed $529 million to a market value of $17.9 billion during the last fiscal year.
And many more in the billions....
Let them coast a little and figure out a way out without the
tuition and fees for a year or two.
Professors and administrators can pick up returnable deposit bottles and cans if they go down too far.
Yes. If colleges themselves were the only ones giving out loans, they would have a big incentive to provide meaningful education that would lead to gainful employment.