[quote=AN]Mark Cuban have a good solution to the student loan and high cost of college education problem. He propose limiting student loan to $2k/year. The worse a student can do with this applied is $8k in debt for 4 year degree.[/quote]
[quote=Jacarandoso]How about letting students use debt to finish a semester, or maybe a year, but they have to pay it back before starting the next one?[/quote]
How are these good ideas? The whole purpose of student loans is to allow a person who can’t afford to pay cash for their education to get an education, and to then get a job that enables them to afford to pay for college. If you can only borrow 2k/year, you can’t get an education. If you have to pay back your loan each semester, you’re trying to pay back your student loan on a burger-flipping salary.
Sure, the system is screwed up right now. But just saying, “if you can’t pay cash for college, you’re screwed” is certainly not the fix. And both of the above ideas are basically saying that.
