Cousin Bill was on the cell phone earlier today to suggest thinking about government only subsidizing college degrees in the STEM (science, technology, engineering, and mathematics) fields and related technological areas. If a student graduates in one of these fields and works in that or a related field for, say, 5 years, perhaps 50% of their loan could be forgiven. His model being the NDEA loans of the 1960s.
Bill was reacting to our post on Friday, containing the Richard Vedder quote. It's not that either of us opposes a person getting a degree in whatever field they choose - be it practical or otherwise. But we're wondering whether government should subsidize impractical degrees - degrees that, however life-enriching, rarely lead to career employment. Thanks for calling, Bill.
