- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Trump’s plan for student loans is solid
Posted on 5/12/19 at 9:21 am to tide06
Posted on 5/12/19 at 9:21 am to tide06
quote:
We need to crack down on both the cost side and the content side for public universities. The debt wouldn’t be an issue if if were still being issued at a percentage wise basis consistent with two generations ago.
Beyond that, as much as I loved my time at Alabama, I could learn as much online for free using coursera from a practical career application standpoint as I did in the classroom in Tuscaloosa.
This isn’t a shot at Bama either, I would say the same thing about my grad experience. The value at both spots was social experiences, networking and expanded worldview.
Kids aren’t getting a value, we are wrecking an entire segment of the economy from the sense of delaying home purchases and having kids while they pay off debt and employers aren’t getting candidates who are prepared for their entry level positions.
Time for us to rethink things.
Sums up my time at UA perfectly. I finished in 06 and while I learned a lot, I could have done so in the work force. My biggest gripe has been the lack of education on loans and helping helping school students truly understand the consequences.
0
Posted on 5/12/19 at 9:25 am to weagle99
quote:That’s fair; I was using simplifying nomenclature that doesn’t perfectly describe the group I was trying to identify. To make my statement more clear, I meant to assert that the only people who benefit from the purchase of the pencil are those who actively participate in the pencil’s markets (final, intermediate, shipping, and any other markets involved). I described this as a single producer, but more likely it is an array of multiple businesses interacting across several layers.
Not to nitpick too badly, but there are numerous other entities in the pencil producer’s supply chain who benefit as well as shipping and delivery. There are economic ripples in society from almost everything we do.
All the same, the end result is the same. The people who benefit from the purchase of the pencil are those who participate in the pencil’s several markets. In which case, those markets will internalize the value of all parties involved.
This is where education is different. There are spillover benefits for individuals with absolutely no role in education markets. There is a sizeable positive externality involved with education whereas there is, at most, a negligible one in pencil markets. Which is why intervention in education markets make a lot more sense than any given consumer good.
quote:Well that might be fair. I was arguing more from the perspective of improving market efficiency than from who has the highest legal authority to do so. If you want to argue that the states have the highest legal authority for impacting higher education, that’s fine, I won’t argue with you there. But if your argument is that government intervention can not possibly improve the outcome of a free market for education (which is what I took your argument to be), then that’s where I strongly disagree.
There is nothing I see in the foundation documents of our Federal government that empower it to be involved in higher education. States are another discussion.
Posted on 5/12/19 at 9:30 am to griswold
quote:
Hope they crack down on corrupt book industry. Everybody just accepts that it’s ok to pay hundreds of dollars for a fricking used book.
This is a big deal. Why can’t they fix this.
It was this way when I was in college in the 70s, it was this way when my girls were in college 15-20 years ago and it’s this way now with my Son in college.
It’s bullshite.
Posted on 5/12/19 at 9:33 am to weagle99
quote:Because the government doesn’t want to hold its own institutions to the same standards.
for-profit schools
——-
Why is this a bad thing?
quote:Ask any professor if they make enough money, Ask any administrator if their school has enough funding. You’ll have your answer.
Bonus: Are ‘non-profit’ schools not trying to make more money?
Posted on 5/12/19 at 9:39 am to funnystuff
quote:bullshite. If college attendance is good investment people would be happily paying their loans back—as they would be a productive expense.
As such, the market left to its own device will undersupply the good.
The massive amount of unproductive loans is STRONG evidence that most of the money thrown at colleges (via gullible borrowers) has been a massive malinvestment.
Posted on 5/12/19 at 9:41 am to Taxing Authority
quote:
The massive amount of unproductive loans is STRONG evidence that most of the money thrown at colleges (via gullible borrowers) has been a massive malinvestment.
Our current framework severely distorts the market. I think that’s likely the biggest part of the problem here.
Posted on 5/12/19 at 9:41 am to weagle99
quote:Yep. I don’t get how we want to hold only for profit institutions responsible for students that made really poor investment choices, rather than the students themselves. Seems like a massive blame-displacement.
This scenario sounds like a group of people making poor choices and then having to deal with the consequences of those choices.
These people aren’t being forced to go to college and build this debt.
Posted on 5/12/19 at 9:43 am to Lsujacket66
When the government stops the "free money" for college then tuition will fall. When institutions have an endless amount of money guaranteed by the government they will take and continue to raise cost.
Cut the BS student loan process and sit back and watch the cost of college fall.
Cut the BS student loan process and sit back and watch the cost of college fall.
Posted on 5/12/19 at 9:44 am to Y.A. Tittle
quote:Absolutely! We’ve removed the moral hazard of education spending by subsidizing it so heavily. But thats he thing... I don’t see how making the personal responsibility levels even lower will help.
Our current framework severely distorts the market. I think that’s likely the biggest part of the problem here
Posted on 5/12/19 at 9:47 am to CDawson
quote:
When institutions have an endless amount of money guaranteed by the government they will take and continue to raise cost.
Absolutely
This is all you need for most majors. We’re spending millions on gold plated improvements, and bloated bureaucracy.
Posted on 5/12/19 at 9:48 am to scrooster
quote:Because there’s a willing market of people flush with “other people’s money” to buy them.
Why can’t they fix this.
Posted on 5/12/19 at 9:48 am to Taxing Authority
Not bullshite. Positive externalities 101.
Posted on 5/12/19 at 9:48 am to Lsujacket66
Loan forgiveness after 180 months for all students instead of just public servants. 
Posted on 5/12/19 at 9:48 am to Boatshoes
quote:
Read it. Don't like it. The two essential measures to reforming student lending:
(1) Get the government out of it.
(2) Allow student loans to be discharged in bankruptcy forcing lenders to vet the school, course of study, and academic qualifications of the borrower.
Both are missing. Things like pandering to historically black colleges is nothing but PC BS.
I think they’re separately looking to get out of student loans because it was reported I think last week that they’re being in some folks to size up our student loans and try to sell them off to banks
Posted on 5/12/19 at 9:50 am to Taxing Authority
We don’t, and no part of the proposals presented by trump would lead to that conclusion. Read them before getting angry, because you are way, way off here.
Posted on 5/12/19 at 9:50 am to funnystuff
quote:Bullsiht. Profitable investment doesn’t need to be incentivized.
Not bullshite. Positive externalities 101.
Posted on 5/12/19 at 9:51 am to bmy
frick. No.
Posted on 5/12/19 at 9:51 am to Lima Whiskey
quote:
This is all you need for most majors. We’re spending millions on gold plated improvements, and bloated bureaucracy.
That room is far nicer than 99% of the university classrooms i have been in
Posted on 5/12/19 at 9:52 am to funnystuff
quote:”Who will pick the cotton” combined with the broken window fallacy all in one paragraph. Impressive.
This is where education is different. There are spillover benefits for individuals with absolutely no role in education markets. There is a sizeable positive externality involved with education whereas there is, at most, a negligible one in pencil markets. Which is why intervention in education markets make a lot more sense than any given consumer good.
This post was edited on 5/12/19 at 9:52 am
Posted on 5/12/19 at 9:52 am to Taxing Authority
You’re using the term moral hazard incorrectly.
Page 3 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News