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bdavids09
Member since Jun 2017
93 posts

how to solve the student loan crisis?
why do colleges charge so much that people need crazy high loans. SO most of these universities have tens of thousands of studens who pay tuitoin and they are getting government support, grants, donations etc. they are taking in huge revenue. Are the professors over payed? are they offering to many unnecesssary degreees? It just seems there has to be a better way to run it than the way it is now.


Paul Allen
Notre Dame Fan
Montauk, NY
Member since Nov 2007
65585 posts
 Online 

re: how to solve the student loan crisis?
quote:

why do colleges charge so much that people need crazy high loans.


Because of student loans and low interest rates.


Jrv2damac
Kansas Fan
America's topsoil
Member since Mar 2004
37925 posts

re: how to solve the student loan crisis?
Make better decisions.


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359
goofball
LSU Fan
Member since Mar 2015
8843 posts

re: how to solve the student loan crisis?
Why do we have like 3 threads on student loans between the PT and the OT on one day?


HempHead
Alabama Fan
Appalachia
Member since Mar 2011
51841 posts

re: how to solve the student loan crisis?
Eliminate guaranteed credit for any applicant.
Tie student outcomes/employment to reimbursement to schools (some coding bootcamps have an Income Share Agreement that I think is a good model)


Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
48940 posts

re: how to solve the student loan crisis?
Crisis? The average owed is less than a new Camry.


iheartchimichangas
Member since Jul 2016
736 posts

re: how to solve the student loan crisis?
quote:

why do colleges charge


1. Federal backed loans = guaranteed money.

2. Most if not all of us were told at a young age that college is the best way to be successful. It's why I ask for paper instead of plastic from the college grad when I check out.


Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
48940 posts

re: how to solve the student loan crisis?
quote:

Why do we have like 3 threads on student loans between the PT and the OT on one day?
Because deadbeats are hoping to get out of a contract they signed.


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393
DownshiftAndFloorIt
US Space Force Fan
Here
Member since Jan 2011
56838 posts
 Online 

re: how to solve the student loan crisis?
Quit loaning out easy money for worthless degrees


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471
TigerstuckinMS
LSU Fan
Member since Nov 2005
28464 posts

re: how to solve the student loan crisis?
1) Stop giving out government secured loans. This is the single reason we're in this fricking mess. Government gets involved and people start grifting. Stop the grift and you stop the crisis.
2) This will force lenders to underwrite the loans appropriately based on risk of default and if they frick up on the risk assessment, it's their loss.
3) Colleges will be forced to compete for those limited dollars and prices will once again reflect the worth of the education they provide.
4) Wait 20 years for the current loans to be settled out with no change whatsoever in their terms.
This post was edited on 11/13 at 12:42 pm


RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
188450 posts

re: how to solve the student loan crisis?
quote:

why do colleges charge so much that people need crazy high loans


Why do people take out so much in student loans?

Use cheaper alternatives, work, dont take out loans for living expenses.


LSURussian
LSU Fan
9 acres of paradise in Baton Rouge
Member since Feb 2005
123486 posts

re: how to solve the student loan crisis?
quote:

how to solve the student loan crisis?
What "crisis"??


tiggerthetooth
US Space Force Fan
Big Momma's House
Member since Oct 2010
47146 posts

re: how to solve the student loan crisis?
quote:

why do colleges charge so much that people need crazy high loans. SO


Because the government guarantees them big checks. Get the government out of student loans and watch costs plummet.


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170
goofball
LSU Fan
Member since Mar 2015
8843 posts

re: how to solve the student loan crisis?
quote:

Crisis? The average owed is less than a new Camry.



There is an exception. Doctors often owe about $250k-300K.


Tiger Prawn
USA Fan
Member since Dec 2016
17335 posts
 Online 

re: how to solve the student loan crisis?
quote:

Why do we have like 3 threads on student loans between the PT and the OT on one day?
Because Fauxcahontas is trying to become Treasury Secretary and get Biden to forgive student loans via executive order and bypass Congress


TexasTiger08
Cleveland St. Fan
Member since Oct 2006
19256 posts
 Online 

re: how to solve the student loan crisis?
Many people use this loans to pay for schools they have no business going to. It’s a status thing. Why go to the local community college for 2 years and transfer when you can go to State U and party and get crazy?


KamaCausey_LSU
Member since Apr 2013
8144 posts

re: how to solve the student loan crisis?
It will take a generation or two, we should be pushing for more people to go to local colleges. In addition, need to start removing the degree requirement for non-technical jobs and stop using it as a screening tool.

You have to go to college to get a job in many cases because most decent jobs require a college degree.


tigergirl10
Member since Jul 2019
4660 posts

re: how to solve the student loan crisis?
quote:

The average student loan debt for recent college graduates is more than $30,000, according to U.S News data. Some 44 million Americans collectively hold over $1.6 trillion in student debt.
That’s pretty significant for people who are early 20’s and don’t yet have decent careers to pay it back. Add in mortgage debt, credit card debt, ridiculous health insurance, etc. and that’s a recipe for disaster. They’re giving the same amount of loans to people with meaningless majors and no real credit history.


CunningLinguist
New Orleans Saints Fan
Dallas, TX
Member since Mar 2006
17027 posts

re: how to solve the student loan crisis?
The real answer is not every one needs a 4 year degree to make a decent living but it’s the expectation put on HS students and promoted by schools. Too many students in questionable majors and too many 4 year colleges is my answer. Address that


Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
48940 posts

re: how to solve the student loan crisis?
quote:


There is an exception. Doctors often owe about $250k-300K.
I know. I had 6 figures in loans too. I paid them back over 10 years.


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