According to this article, the USG’s student loan portfolio is worth $1.2
billion trillion and is “the biggest pool of U.S. debt,” second only to government loans for mortgages.
The debt has soared for an obvious inflated reason: “The government writes loans for any student who enrolls in an institution eligible for federal aid.”
USG will fork over tens of thousands of dollars to the high-IQ individual accepted to Wharton as readily as it forks over tens of thousands of dollars to the low-IQ individual who demonstrates her low IQ by borrowing tens of thousands of dollars to earn an associate’s degree in Office Skills at Fly-By-Night Online College.
The outcome is predictable. The government cannot discriminate in regard to its investments and has thereby provided an amusing object lesson in the value of discrimination:
The Wharton grads are good to pay back their loans. The others are not. The Wharton grads are subsidizing those who…
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