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By Tea with FT (Reporter)
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We need student debt service data, for each university, so as to allow the market to help correct some education failures.

Thursday, March 21, 2019 7:26

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Sir, Dennis Gerson, in reference to a recent article by Sheila Bair on student debts writes: “What she fails to address is the repayment of the income share agreements by college graduates earning the minimum wage, service industry minimum wage plus tips, or those who fail to graduate from college. A substantial portion of student debt and defaulted debt falls into these categories.” “US universities need to fix cost problem they created”

For a starter if university students end up earning too little or do not graduate, then that could be as much or more the failure of the university than the student’s. By just putting out information of each university indicating the respective overall default rate of their students, the market would help to correct much of what is going on… not all.

PS. Higher education should be much more of a joint venture.

@PerKurowski

Source: http://teawithft.blogspot.com/2019/03/we-need-student-debt-service-data-for.html

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