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re: Trump’s plan for student loans is solid

Posted on 5/12/19 at 8:07 am to
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 5/12/19 at 8:07 am to
quote:

for-profit schools


Why is this a bad thing? The profit motive is the purest in our society.

Bonus: Are ‘non-profit’ schools not trying to make more money?
Posted by Muthsera
Member since Jun 2017
7319 posts
Posted on 5/12/19 at 8:14 am to
I don't think for-profit schools are inherently evil.

But the truth is that the majority of crippling student debt is concentrated among a very small segment of borrowers: middle-aged students who take out substantial amounts of loans to pay for for-profit/online schools to attempt a career change but who (1) fail to graduate or (2) fail to turn their investment into advanced career prospects.

If the Dept of Ed is willing to agree to back $60-80k in loans to these schools, the schools need to demonstrate they are doing everything possible to ensure students graduate in a good position to advance their career.
Posted by funnystuff
Member since Nov 2012
8344 posts
Posted on 5/12/19 at 8:14 am to
For-profit schools are not bad.


For-profit schools exploiting bad government policy is very bad. Trump’s proposals are meant to make that more difficult to do.
Posted by Taxing Authority
Houston
Member since Feb 2010
57375 posts
Posted on 5/12/19 at 9:33 am to
quote:

for-profit schools
——-
Why is this a bad thing?
Because the government doesn’t want to hold its own institutions to the same standards.

quote:

Bonus: Are ‘non-profit’ schools not trying to make more money?
Ask any professor if they make enough money, Ask any administrator if their school has enough funding. You’ll have your answer.
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