[quote=livinincali]I agree completely. There will be money for law students and doctors, but it may not be up to $225K. It could certainly be less and if it’s less those universities providing those degrees will be forced to compete and likely have to reduce prices. That’s the entire goal of changing the way student loans work.[/quote]Not only will it be less but my bet is, the interest rate would be higher. After all, student loan would then be not much different than any other un secure debt, like credit card. Just because it’s a doctor and lawyer doesn’t mean they can always easily repay the debt. These are kids who just turn 18 and have no credit history. It doesn’t matter how much you make, if you spend more than you make, it’ll be just as hard to pay back your credit card/student loan debt.
