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how to solve the student loan crisis?
Posted on 11/13/20 at 12:37 pm
Posted on 11/13/20 at 12:37 pm
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.
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Posted on 11/13/20 at 12:37 pm to bdavids09
quote:
why do colleges charge so much that people need crazy high loans.
Because of student loans and low interest rates.
Posted on 11/13/20 at 12:38 pm to bdavids09
Make better decisions.
Posted on 11/13/20 at 12:38 pm to bdavids09
Why do we have like 3 threads on student loans between the PT and the OT on one day?
Posted on 11/13/20 at 12:38 pm to bdavids09
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)
Tie student outcomes/employment to reimbursement to schools (some coding bootcamps have an Income Share Agreement that I think is a good model)
Posted on 11/13/20 at 12:38 pm to bdavids09
Crisis? The average owed is less than a new Camry.
Posted on 11/13/20 at 12:39 pm to bdavids09
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.
Posted on 11/13/20 at 12:39 pm to goofball
quote:Because deadbeats are hoping to get out of a contract they signed.
Why do we have like 3 threads on student loans between the PT and the OT on one day?
Posted on 11/13/20 at 12:40 pm to bdavids09
Quit loaning out easy money for worthless degrees
Posted on 11/13/20 at 12:40 pm to bdavids09
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.
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 11/13/20 at 12:42 pm
Posted on 11/13/20 at 12:40 pm to bdavids09
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.
Posted on 11/13/20 at 12:40 pm to bdavids09
quote:What "crisis"??
how to solve the student loan crisis?
Posted on 11/13/20 at 12:41 pm to bdavids09
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.
Posted on 11/13/20 at 12:42 pm to Jake88
quote:
Crisis? The average owed is less than a new Camry.
There is an exception. Doctors often owe about $250k-300K.
Posted on 11/13/20 at 12:43 pm to goofball
quote:Because Fauxcahontas is trying to become Treasury Secretary and get Biden to forgive student loans via executive order and bypass Congress
Why do we have like 3 threads on student loans between the PT and the OT on one day?
Posted on 11/13/20 at 12:44 pm to bdavids09
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?
Posted on 11/13/20 at 12:45 pm to bdavids09
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.
You have to go to college to get a job in many cases because most decent jobs require a college degree.
Posted on 11/13/20 at 12:45 pm to Jake88
quote: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.
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.
Posted on 11/13/20 at 12:45 pm to bdavids09
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
Posted on 11/13/20 at 12:45 pm to goofball
quote:I know. I had 6 figures in loans too. I paid them back over 10 years.
There is an exception. Doctors often owe about $250k-300K.
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