Another reason not to cut higher ed
#1 – Lower tuition (like we have here in North Carolina) means smaller loans, which clearly contributes to lower default rates. According to the story (citing the U.S. Department of Education), North Carolina’s student loan default rate of 5.9% is the lowest in the southeast and among the lowest in the country.
#2- For-profit vultures love to swoop in and suck up publicly-backed loans. Anything we can do to minimize this phenomenon — like keeping public education affordable and accessible is a good thing.