While the closing of Sweet Briar College last week caught many people in higher education by surprise, some saw it as a sign of an inevitable college implosion.
For years, entrepreneur and billionaire investor Mark Cuban has warned of a "student-loan bubble" created by skyrocketing tuition and fueled by an endless supply of student loans.
A radical solution to the student-loan problem would be to forgive all student debt, as a viral essay by Robert Applebaum proposed six years ago.
However, Cuban thinks massive student-loan forgiveness would just make the bubble keep expanding.
"Forgiving the debt is the worst thing you can do, because all it does is bail out the universities," Cuban said.
Loan forgiveness would just show students that "Uncle Sam" will forgive their debts, according to Cuban. That would encourage students to keep taking out big loans to pay hefty tuition.
If students' debt is forgiven, he said, "you still have easy money for...Read The Rest HERE
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