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re: Another government created crisis. The student loan debacle.

Posted on 6/26/19 at 8:41 am to
Posted by jb4
Member since Apr 2013
12684 posts
Posted on 6/26/19 at 8:41 am to
We’re from the government and here to help you
Posted by TimeOutdoors
AK
Member since Sep 2014
12123 posts
Posted on 6/26/19 at 8:44 am to
quote:

3 college should be 3 years and the elective years cut from curriculums.


Um. No.
Posted by Walter Kovacs
The End Is Nigh
Member since Jun 2019
175 posts
Posted on 6/26/19 at 8:44 am to
They need to cap college loan interest.
Posted by ItTakesAThief
Scottsdale, Arizona
Member since Dec 2009
9214 posts
Posted on 6/26/19 at 8:45 am to
If you are dealing with most public universities the earning power may be similar; however. There are some schools that may give you some benefit based on name recognition, reputation, field or alumnini channels

Maybe a degree from Michigan is considered more valuable than Mississippi State

Certainly a degree from upper tier private schools, Such as Stanford or Dartmouth is more valuable in a corporate environment than a state school due to perception.
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
7586 posts
Posted on 6/26/19 at 8:56 am to
quote:

Another government created crisis


Would I be paranoid to believe that the government knew exactly how this would play-out to date?

Posted by Revelator
Member since Nov 2008
58147 posts
Posted on 6/26/19 at 9:18 am to
quote:

Would I be paranoid to believe that the government knew exactly how this would play-out to date?



No
Posted by Oddibe
Close to some, further from others
Member since Sep 2015
6567 posts
Posted on 6/26/19 at 9:19 am to
quote:

If you are dealing with most public universities the earning power may be similar; however. There are some schools that may give you some benefit based on name recognition, reputation, field or alumnini channels
I realize there are exceptions but it really depends on the field of study.
quote:

Maybe a degree from Michigan is considered more valuable than Mississippi State
Again it depends on the degree. If someone goes to college to get a degree in Education, just so they can become a public school teacher, it makes absolutely no sense to pay out of state tuition. UNLESS they plan to ultimately become a principal then it might make more sense to get a degree from a more "prestigious" school. Otherwise they are borrowing twice as much money to go out of state with a limited return on their investment.

quote:

Certainly a degree from upper tier private schools, Such as Stanford or Dartmouth is more valuable in a corporate environment than a state school due to perception.
If that person is going to Stanford or Dartmouth, more than likely there is also scholarship money available.



Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17044 posts
Posted on 6/26/19 at 9:30 am to
quote:

There are some schools that may give you some benefit based on name recognition, reputation, field or alumnini channels

It's all about the relationships for the upper tier schools. Harvard grads hire Harvard grads
Posted by Tiger1242
Member since Jul 2011
31966 posts
Posted on 6/26/19 at 9:44 am to
What sucks about Bernie’s 80% plan is my wife and I aren’t in the “bottom 80%”.

We have a young son and are not even close to rich.

Now we are paying off our loans like we are supposed to. But hell people like me “deserve” loan forgiveness as much as anyone, especially if they are going to raise my taxes to do it
This post was edited on 6/26/19 at 9:49 am
Posted by TexasTiger90
Rocky Mountain High
Member since Jul 2014
3576 posts
Posted on 6/26/19 at 9:47 am to
1/3 of those who got their degrees and have paid them off did so when college cost 183% less than it does today. That's a weak and lazy argument.
Posted by Aristo
Colorado
Member since Jan 2007
13292 posts
Posted on 6/26/19 at 9:53 am to
Part of the problem I saw was people taking out way more money than needed for their semester and using it for rims, stereo, clothes, bar hopping and expensive meals.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
27701 posts
Posted on 6/26/19 at 10:01 am to
quote:

Every time government takes over a program, costs rise, because there is no incentive to control cost or monitor quality.


While I tend to agree the biggest objection to government getting out of student loans would come from the banks. The government insures the loans .
Posted by Lima Whiskey
Member since Apr 2013
19385 posts
Posted on 6/26/19 at 10:04 am to
Not really.

Firms just recruit from certain schools, which makes it very difficult if you don’t go to one of those schools.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
17044 posts
Posted on 6/26/19 at 11:57 am to
quote:

Not really.

Firms just recruit from certain schools, which makes it very difficult if you don’t go to one of those school

So the people in charge went to certain schools and only hire people from those certain schools.

Basically what I just said.
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