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Sar Jim
John Stossel
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Comments by "Sar Jim" (@sarjim4381) on "Solving Student Debt" video.
This is the only kind of student lending that makes any sense. No matter what your major, the amount od months you have to pay back a loan is capped, and that cap bears some relationship to the projected earning potential to your major. The ones taking the real risks are students in high paying. high employability majors like engineering. They may have to pay back more than they borrowed, but only because the income is so high compared to the average in their profession. For those who chose a low paying, low employability major like gender studies, you can get out from under your loan by paying back much less than your borrowed. It teaches students the risk/reward ratio of their major before they ever get out of college.
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