Meet Dennis Hof, a strip-club owner who runs multiple brothels and looks set to win a seat as a Republican in the Nevada legislature with the blessing of many conservative Christian voters.
George: It's very simple: Make it a requirement that before any student loan can be approved, the student and lender must review the student's academic plans and the estimated total student loan debt they will need to amass in order to graduate. Review debt already taken on with additional loans required. Review what the loan amortization would look like, e.g. "After graduation, you'll owe $XXXXX, which you'll have to pay back at $YYY/month over a period of 10 years." Remind the student that this will be in addition to all other living expenses. Look up the average starting wage people with the desired degree obtain in their field of work, and compare it to the cost of living where the student expect to work. Add in the loan repayment, and decide: CAN YOU AFFORD THIS? And finally ask, "What if you borrow all of this money and don't get the job you want? How will you repay this debt then?" If this sounds like a lot, it really isn't. I was accepted into grad school and was very keen to obtain an MSE or PhD, but I paused and asked myself the above questions, ran the numbers, and decided that I really couldn't afford the extra sheepskin. I changed my plans, did NOT drown myself in debt, and life worked out JUST FINE, albeit not along the same path I'd once envisioned for myself. Be informed. Be responsible.