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Message
re: Student Loan payments restarting
Posted on 8/5/23 at 8:31 am to thunderbird1100
Posted on 8/5/23 at 8:31 am to thunderbird1100
quote:
Want to see college cost go down? The govt needs to turn off the money printer, not incentivize it to be even more appealing to borrow.
Costs won't go down.
What will happen is as the number of students dramatically drops, many colleges will close. Capacity drops as enrollment drops, which keeps prices from falling.
Either the govenment needs to be fully involved in funding college education, or they need to be fully removed from funding college education. This current system is the worst of both worlds.
3
Posted on 8/5/23 at 8:33 am to LSUFanHouston
Posted on 8/5/23 at 2:58 pm to LSUFanHouston
quote:
What will happen is as the number of students dramatically drops, many colleges will close. Capacity drops as enrollment drops, which keeps prices from falling
You don't think as enrollment drops at a specific university it will entice that school to lower costs to try and increase enrollment? They will just keep their prices high as enrollment plummets until they have to shut down?
I guess it is just a race to see if university try to protect themselves faster than university closing to see if prices will drop or not.
Posted on 8/5/23 at 8:38 pm to LSUFanHouston
If all we do is cause inflation in college costs, by fueling demand. Does it matter if your loan is 0% if it's double the amount in a non-proportionate amount of time? Colleges are licking their chops at these ideas being floated.
Costs are not going down? Ok fine, inflation is still a huge issue. You don't cause high inflation because deflation is not likely. The two things do not logically connect.
I think government should get out of the business, I'm fine with that, although I don't think all or nothing are the only options. If school loans were treated more like normal loans, where default risk was a primary factor, the whole system would perform better. Getting a degree that doesnt lead to income from an overpriced school? A loan should incur a huge interest rate in that scenario. We shouldn't double down on why the whole system is fked as is.
Costs are not going down? Ok fine, inflation is still a huge issue. You don't cause high inflation because deflation is not likely. The two things do not logically connect.
I think government should get out of the business, I'm fine with that, although I don't think all or nothing are the only options. If school loans were treated more like normal loans, where default risk was a primary factor, the whole system would perform better. Getting a degree that doesnt lead to income from an overpriced school? A loan should incur a huge interest rate in that scenario. We shouldn't double down on why the whole system is fked as is.
This post was edited on 8/5/23 at 8:46 pm
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