Taken from JRE #1508 w/Peter Schiff: https://youtu.be/OK2zgeJLVwU
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Taken from JRE #1508 w/Peter Schiff: https://youtu.be/OK2zgeJLVwU
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Maybe the government should lend it to the school at say 3%, and the school immediately lends it on to the student at say 6% or whatever. If the school chooses its intake carefully and the course is worth it, then the school makes a profit.
But if the school chooses their intake poorly or their courses suck, then the kid defaults and the school is stuck with the loan to the government.
I'm sure the devil would be in the detail, but something like this would introduce some "discipline" to the schools in 5 seconds flat.
I think it's time to give the colleges some "skin in the game".
Bring PETER SCHIFF BACK