One Solid Way to Ensure Inequality

There’s news today that major private banks are refusing to give loans any longer to students at community colleges and at “less prestigious” universities. Led (not surprisingly in many ways) by Citibank, some of the big private banks are pulling their loans, even though the loans are guaranteed 95% by the government.

And I have to say, I can’t think of many more effective ways to ensure continuing inequality between the rich and the poor. Making it harder to afford college, and the community colleges that so often catapult kids to 4-year institutions, means that kids who need loans will have a harder time getting BAs and thus a harder time getting jobs.

Happy Monday, everyone.