re: A Common Sense Approach to Dealing with the College Debt Crisis

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Earning a living and not being a lazy piece of shite is enough incentive. Don't need to load up vocational programs with the same useless turds that are clogging liberal arts colleges.

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Do you honestly believe this? Even to be an HVAC technician there are certifications that are required hence the vocational training. Please tel me you are not this dense.

Yeah that isn't going to solve anything. Colleges will move the money elsewhere.

Here is my common sense small government solution.

Make it so that you can default on college loans, but if you default, you lose the degree. The schools would back the loans at least partially. That would require colleges to also be smart about who they loan their money to and for what degrees.

Way to miss the obvious point. Your problem, like most that don't think in-depth very much, is that vocational training doesn't need to go down the same path that 4-year institutions have gone. Throwing money at people to send them to such programs isn't a solution, the incentive is already there. What needs to happen is to remove the incentives for college and stop brainwashing kids by telling them that college is the best or only option.

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Yep if you need a loan for college it should be forced to be for some career that can actually pay it back

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Exactly, even with a good degree, the person still has to obtain it and then get a job. There is quite a bit of risk there, just as much and maybe even more so than with a personal loan. The reason you can buy a house or car without having the best job is because there is collateral to cover it if you default.
You can't get a good rate on a personal loan without great credit. I'm not saying that you shouldn't give someone a loan for education because they have bad credit, but the reason they have bad credit should be looked into and the potential ability to pay the money back down the road should be considered. You can't get a Sallie Mae or other private loan on your own with bad credit, why should the government operate differently.

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What needs to happen is to remove the incentives for college and stop brainwashing kids by telling them that college is the best or only option.

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I said that exact thing in the OP. Vocational training needs to emphasized.

isn't that the guy that wants to give everyone $1,000/month?

Why would anyone listen to a hack who spent years on here shilling for Marco and is now shilling for a socialist?

Get the frick out of here. You lack principles so your opinion is worthless. The only think you care about is who is paying you

Government backed student loans was a good idea with terrible consequences. Without the government backing, school would be drastically cheap[er today. Inflation hasn't been above 3% or less for 30 years. The college I went to is now 300% higher. They could never have increased the cost that much without government backed loans.

The mantra of everyone must go to college was also the wrong message to preach. 30 years ago, there were constant trade school advertisements on the tube but 30 years of pushing college, makes people think anything else is failure.

In reality, a kid getting training for a real job will be far better off after trade school than the average kid getting out of college with 100K in debt and a degree in Art History.

What an idiot Yang is

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Would a common sense approach be:

1) think of college like an investment and the majority of classes should maximize that investment. Think STEM degrees

2) get a job while in college. Take classes in the summer and try to graduate in 3 years.

3) don’t get any facial tattoos or piercings or those strange ear lobe things that look retarded.

4) remove the red dye from your hair prior to any job interviews. Also don’t do any drugs 3 months prior to job interview.

5) take seminars on how to interview at a job. Don’t tell the interviewer that his company has a large carbon footprint and that you alone know how to run the company.

6) after being hired, live frugally. Establish good credit. Pay bills on time.

7) negotiate a good interest rate on your student debt.

8) pay it off.

Common sense like that?

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^^^Winner Winner Chicken Dinner.