U of Chicago projected to be the first U.S. university to cost $100k per year
How to fix student loans...<p>The .gov backs student loans. And, they are non-dischargeable. So, it is zero risk for the lender to give loan to the 2.7 GPA moron getting a worthless basket weaving degree from the local private lib arts school for $100k. So, they give as many loans as possible, since they can't lose (taxpayer on the hook). Colleges are incentivized to drive up costs of tuition b/c tons of free money.<p>It's a classic moral hazard created by .gov guaranteeing the loans. Same thing we saw in the housing crisis.<p>Make student loans dischargeable in bankruptcy or take away the .gov guarantee and watch the market for student loans for worthless degrees dry up and tuition costs plummet.