Wouldn’t universities be even more incentivized to focus on fun over education? Students could take out loans, party for four years, declare bankruptcy, and then move on with their life. The bankruptcy falls off their credit history by 29.
I think it’s the other way: getting a loan to attend a primarily-fun school would be very hard, because the lender can see they’re unlikely to be repaid.
I think it’s the other way: getting a loan to attend a primarily-fun school would be very hard, because the lender can see they’re unlikely to be repaid.