Well said! I am a college professor and someone with a fairly large student loan balance. Without those student loans, however, I likely would not be where I am today. Going to college and education in general are NOT just about making money. Education is about increasing individual capacity to contribute to society in a positive way. I've always been troubled by the importance of profit in the student loan industry. It seems the wise banker would see the long-term value of earning a small profit on more loans rather than the other way around (ie. smarter population = greater potential for growth). In some ways it seems we are a welfare state – but for the corporate world, not the individual...
Slashdot Mirror
Well said! I am a college professor and someone with a fairly large student loan balance. Without those student loans, however, I likely would not be where I am today. Going to college and education in general are NOT just about making money. Education is about increasing individual capacity to contribute to society in a positive way. I've always been troubled by the importance of profit in the student loan industry. It seems the wise banker would see the long-term value of earning a small profit on more loans rather than the other way around (ie. smarter population = greater potential for growth). In some ways it seems we are a welfare state – but for the corporate world, not the individual...