You call my hypotheticals worthless, but what if the situation of a massive provider oversupply does occur? I know that the supply and demand curve would eventually realign itself, but how would the graduates who would be entering the workforce in the interim period manage to live on $50-60k/year while struggling to make their monthly student loan payments?
If that hypothetical situation actually became a reality, I suppose it would be a good time to consult the graduates of private art/music programs who graduate with often more than $150k worth of debt to pay off and literally zero job prospects (in their respective industries, that is).
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