Right. Until the schools start losing money, there is zero incentive for them to reign in costs. That doesn't mean I want to see people suffer under the burden of their loans but this program isn't solving the right problem.
Investigate the schools. What claims were made in the advertising? What did they know about the economic realities of graduates and when? Some of this was probably fraud. If you are telling kids "come have a bright future at my college" and statistically, that isn't happening, you probably should have to give the money back.
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I'd argue quite the opposite. By "fixing" the problem with half measures like this ensures the problem will continue.
Right. Until the schools start losing money, there is zero incentive for them to reign in costs. That doesn't mean I want to see people suffer under the burden of their loans but this program isn't solving the right problem.
My solution?
Investigate the schools. What claims were made in the advertising? What did they know about the economic realities of graduates and when? Some of this was probably fraud. If you are telling kids "come have a bright future at my college" and statistically, that isn't happening, you probably should have to give the money back.