Wish someone told me before I got $300,000 into debt that my liberal arts degree wasn't going to help me get employment. My university was certainly not up front about that. And if they had been honest about the fact that the degree was worth fuckall in the job market I would have not wasted my money there.
I definitely agree, I do think uni degrees are severely over priced and don’t prepare people for jobs as much as people think. I have an oceanography degree that just collects dust in my parent’s attic.
But that in itself doesn’t mean what Lambda did was any better. If anything, they both need serious reforms.
Bankruptcy law should somehow apply to school loans after 7 years. Bankruptcy puts some of the onus of bad, ill-advised loans on the lender. Bankrupcy law partially aligns lender goals with borrower goals, as they then have a vested interest in your success.
