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Getting the university to co-sign for at least a portion of the student loans would go a long way toward fixing this. Their admissions would make sure the students are likely to be good candidates to learn and graduate. They would be more likely to teach majors that are in market demand for students getting loans.
Why should the government (taxpayers) be on the hook for the loans just so the schools can admit as many people as possible so they can build more buildings, teaching things that the market doesn't want?
Or, it is because the snobby schools are getting so much money through the side door and everyone else wants theirs too?

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