> One could argue that the guaranteed student loan programs are a roundabout way of supporting universities through tax dollars as well.
No, guaranteed student loans are a way to transfer wealth from future taxpayers and borrowers to beneficiaries of tuition such as university staff and whoever is receiving money from the university such as construction companies and whatnot.
The guaranteed loans with no underwriting obfuscate costs and thus result in a mid allocation of society’s resources. Such as leagues of people spending their valuable years learning “communications” or “business” degrees and then sitting in a call center or other role that does not pay enough to make the degree they paid for in time and money to have any decent or even positive ROI.
No, guaranteed student loans are a way to transfer wealth from future taxpayers and borrowers to beneficiaries of tuition such as university staff and whoever is receiving money from the university such as construction companies and whatnot.
The guaranteed loans with no underwriting obfuscate costs and thus result in a mid allocation of society’s resources. Such as leagues of people spending their valuable years learning “communications” or “business” degrees and then sitting in a call center or other role that does not pay enough to make the degree they paid for in time and money to have any decent or even positive ROI.