Should the availability of student loans depend on student performance?

Apparently, I offended some people when I suggested that not everybody is college material. So, how about basing the availability of student loans on student performance? If a student has a GPA of at least 2.5, the student qualifies for student loans and can continue to get loans as long as he/she maintains that... show more Apparently, I offended some people when I suggested that not everybody is college material. So, how about basing the availability of student loans on student performance?

If a student has a GPA of at least 2.5, the student qualifies for student loans and can continue to get loans as long as he/she maintains that GPA. If a person graduated with less than a 2.5 GPA, they can still go to college but won't qualify for any loans until they can show that they are maintaining a 2.5 GPA in college.
Update: There are way too many former college students who are struggling to pay back their student loans. The colleges are luring people in with promises that all they need to do is get a degree and they'll get a well paying job. A lot of those people never make it anywhere near getting a degree, are stuck paying back... show more There are way too many former college students who are struggling to pay back their student loans. The colleges are luring people in with promises that all they need to do is get a degree and they'll get a well paying job. A lot of those people never make it anywhere near getting a degree, are stuck paying back students loans while making minimum wage.
Update 2: @Cybi: If loans are strictly "business transactions", then why won't a bank loan you $8K to buy a 1997 Ford Escort even if you have a great credit rating and the ability to repay the loan? Because the Ford Escort isn't worth $8000... Student loans should be secured according to the "value" of the student as well. show more @Cybi: If loans are strictly "business transactions", then why won't a bank loan you $8K to buy a 1997 Ford Escort even if you have a great credit rating and the ability to repay the loan? Because the Ford Escort isn't worth $8000... Student loans should be secured according to the "value" of the student as well.
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