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Kate Padgett Walsh

Student loans and ‘risk-sharing’ – the problem with penalizing colleges when graduates can’t pay

By The Conversation

When a student borrows money from the government to go to college and then has serious trouble paying it back, should the college be on the hook to help pay back the government? That question lies at the heart of a proposed idea known as “risk-sharing.” Risk-sharing has the potential to improve the outcomes of students from schools, typically for-profit institutions, that fail to help students graduate and find viable careers. However, Kate Padgett Walsh, associate professor of philosophy at Iowa State University, sees significant limitations.