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Issue#26 (-ve (three problems (moral hazards ( Factors such as loans and…
Issue#26
-ve
three problems
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moral hazards
Factors such as loans and family sponsorship encourage a student to invest his education by learning because there is some one they are answerable to
under the current policies, students with limited financial means can usually afford university education through government loans. If the government provides free college education to the students, they may lose the momentum to work hard during their studies as they do not have to worry about paying back their student loan after graduation
Students may be tempted to provide misleading or fraudulent information about their financial situation
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the university may have the incentive to admit more students to get more resources from the government
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doing part-time poor students can not only earn money for tuition, but also gain some unique experiences
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