Originally Posted by ultramarina
The drop-out rate (46% fail to graduate within 6 years) is the really scary part, and IMO, is where the chipper "Everyone can go to college!" line really falls down and start to look downright irresponsible.

Why is it irresponsible?

If you have the power to originate a massive amount of debt, aren't you obligated to your shareholders to lard up as many people as possible with non-dischargeable debt?

I mean, the megabanks aren't charities.

They have a business to run.