Originally Posted by JonLaw
Originally Posted by Val
Originally Posted by Bostonian
I think DAD22 is saying that some of the elite schools are a good financial deal for low-income students who get in. He is factually correct, and I have written about this in earlier threads. I am not surprised by arguments over normative questions such as "Should college be free?".

"Should college be free?" is a very different question from "Should we be yoking our young people to non-dischargeable debt?"

I will again point out that debt that cannot be paid back will not be paid back.

It's more of a problem in the for-profit world.

Some of my clients enroll and take out student loans to live off of rather than for educational opportunity, per se.

It's a trend:

http://finance.yahoo.com/news/student-loans-entice-borrowers-more-002100614.html
Student Loans Entice Borrowers More for Cash Than a Degree:
Low-Cost Debt Proves a Draw for Some Caught Up in Weak Job Market
The Wall Street Journal
By Josh Mitchell
March 3, 2014 9:39 AM