Name:   MartiniMan - Subject:   economy Date:   4/9/2015 9:14:54 AM

Get the federal government out of the student loan business because it totally distorts the marketplace.  

If we want to encourage low income students that are actually qualified to go to college lets set up private funding that is rewarded with a percentage of their earnings over their lifetime.  That way it will encourage them to major in study areas that will actually make them employable instead of women's studies, gender studies, etc. which are totally worthless.  No one would invest in a bright, low income student that wants to take that kind of crap in college but they would line up to financially support a young black or Hispanic man or woman that wants to get a degree in engineering.  I know I would because if I invested say $150,000 for a chemical engineering degree and took 10% of their earnings I would get a nice return on that investment.  Doing it this way would incentivize the student to get a degree that is actually worth something over taking student loans to graduate and go to work at Starbucks.

But I wouldn't give a dime for some angry feminist to get a degree in gender studies or some other worthless program and we shouldn't be loaning them money to get these worthless degrees either.