>>24112314Admittedly there's a problem with how they do this.
It's ridiculous that any 17-year-old would be given a quarter million dollar loan when they have no track record of proving that they can ever pay back that kind of money. A bank won't even lend $5k to a dude with bad credit. It's ludicrous that they lend $250k to a person who has literally no credit at all.
Better system would be if we had some kind of indentured servitude or apprentice process.
>4 years college>6 years contracted work for shit pay but you learn the ropes of your career field>This accounts for all or most of your tuition This would get you into the workforce right away and by age 28 you would have over five years full time experience in your chosen field and zero debt, which would be a hell of a better position than I was at 28. Probably why they don't do it.
