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I could consider a LIMITED student loan relief program, under one condition: Fix it.
Posted on 7/3/23 at 10:10 am
Posted on 7/3/23 at 10:10 am
No more government guarantees of loans, massive reforms to drastically reduce costs (starting with admin bloat and country club perks), and allowing bankruptcy.
The students signed up for the loans, but you can’t deny that costs and incentives are a clusterfrick.
The students signed up for the loans, but you can’t deny that costs and incentives are a clusterfrick.
16
Posted on 7/3/23 at 10:12 am to Ag Zwin
If they would go back to dorms with 4 people in block rooms and a floor bathroom I’d be down.
They started treating college like a resort. Even UNF built a lazy fricking river at one of their dorms.
They started treating college like a resort. Even UNF built a lazy fricking river at one of their dorms.
Posted on 7/3/23 at 10:16 am to roadGator
I busted my arse and paid my way through the last 4-5 semesters 20+ years ago, after I screwed off my first couple years. I’m not sure that is even possible today with tuition and apt prices.
Posted on 7/3/23 at 10:16 am to roadGator
I agree it’s not about education. Education should be very cheap with how accessible it is.
Posted on 7/3/23 at 10:18 am to patnuh
I bartended my way through college. Maybe you can’t do that today.
Maybe you can partially do that today.
What I do know is that you are a fool getting $120k in debt for a liberal arts degree either way.
Maybe you can partially do that today.
What I do know is that you are a fool getting $120k in debt for a liberal arts degree either way.
Posted on 7/3/23 at 10:19 am to Ag Zwin
I would fund it by taxing college endowments and recouping defaulted loans from the school.
Posted on 7/3/23 at 10:24 am to Ag Zwin
That graph is important and the thing the holier than thous seem to forget.
With the loan system, for the past 30 years colleges have had zero incentive to control costs. In fact, they’re almost the exact opposite. The cost of a degree has skyrocketed vs what salary you can expect. And there really isn’t anything most people can do about it. Companies have lobbied to make everyone get degrees so they don’t have to invest in entry level workers while still paying people like they have no experience. And you’re stuck with the loans, can’t discharge them, and the schools can charge whatever they want. It’s not like going up the road will be any different either. You can’t really shop around for a cheaper degree. (Although you can definitely get a more expensive one). And you can’t get hired without the paper. And so here we are.
If I was still a student in Covid, I’d be pissed about remote learning. You mean to tell me I have to take classes on a computer and there’s no cost savings to me? No facility being used, no resources, no personal interaction but charge me the same amount?
This country needs a major wake up call on education and business. And this isn’t a millennial problem.
With the loan system, for the past 30 years colleges have had zero incentive to control costs. In fact, they’re almost the exact opposite. The cost of a degree has skyrocketed vs what salary you can expect. And there really isn’t anything most people can do about it. Companies have lobbied to make everyone get degrees so they don’t have to invest in entry level workers while still paying people like they have no experience. And you’re stuck with the loans, can’t discharge them, and the schools can charge whatever they want. It’s not like going up the road will be any different either. You can’t really shop around for a cheaper degree. (Although you can definitely get a more expensive one). And you can’t get hired without the paper. And so here we are.
If I was still a student in Covid, I’d be pissed about remote learning. You mean to tell me I have to take classes on a computer and there’s no cost savings to me? No facility being used, no resources, no personal interaction but charge me the same amount?
This country needs a major wake up call on education and business. And this isn’t a millennial problem.
This post was edited on 7/3/23 at 10:25 am
Posted on 7/3/23 at 10:27 am to Ag Zwin
Taxation on people that never took out a loan for a college education just plain stinks it’s that simple. Those that went to trade schools, or busted their buts doing apprenticeships are getting robbed.
Does not a degree teach you to weigh the cost of building something to see if it’s feasible or not? The same applies to signing on the dotted line for a loan.
Fixing it requires getting the government out of the process completely. When it was privately run it worked for the majority of students because they knew it had to be repaid or declare bankruptcy.
It’s robbery to forgive even one red cent for those who repaid their loans and those who never took out a loan.
Does not a degree teach you to weigh the cost of building something to see if it’s feasible or not? The same applies to signing on the dotted line for a loan.
Fixing it requires getting the government out of the process completely. When it was privately run it worked for the majority of students because they knew it had to be repaid or declare bankruptcy.
It’s robbery to forgive even one red cent for those who repaid their loans and those who never took out a loan.
Posted on 7/3/23 at 10:28 am to Ag Zwin
This is the administrative state in action. Our local university has just, for the first time in its history, reached a point where they have more staff and administrators than teaching faculty.
Mind you, as I understand it, this is not a desired change for virtually anyone at the university. It is a necessity to meet the ridiculous accreditation standards set by bureaucrats in DC, who themselves must increasingly create new, more complicated standards in order to justify the continued existence of their own jobs.
All the shite flows downhill from DC
Mind you, as I understand it, this is not a desired change for virtually anyone at the university. It is a necessity to meet the ridiculous accreditation standards set by bureaucrats in DC, who themselves must increasingly create new, more complicated standards in order to justify the continued existence of their own jobs.
All the shite flows downhill from DC
Posted on 7/3/23 at 10:28 am to Ag Zwin
There's nothing to fix. The system works for those who are smart enough to use it. If you're too stupid to understand the concept of a "loan", then that's on you.
If anything, I think the government should start denying loans to people with dumbass majors. Maybe stop giving loans to people who want a degree in Sociology or Gender Studies. The government needs to consider a borrower's future ability to pay.
If anything, I think the government should start denying loans to people with dumbass majors. Maybe stop giving loans to people who want a degree in Sociology or Gender Studies. The government needs to consider a borrower's future ability to pay.
Posted on 7/3/23 at 10:33 am to Ag Zwin
Nailed it
Our college systems mirror our federal government.
No incentive to decrease costs or spending, no accountability at the highest levels, lifelong education admin who have never had to balance a budget.
Our college systems mirror our federal government.
No incentive to decrease costs or spending, no accountability at the highest levels, lifelong education admin who have never had to balance a budget.
Posted on 7/3/23 at 10:38 am to funnystuff
quote:
Mind you, as I understand it, this is not a desired change for virtually anyone at the university. It is a necessity to meet the ridiculous accreditation standards set by bureaucrats in DC, who themselves must increasingly create new, more complicated standards in order to justify the continued existence of their own jobs.
That’s part of it, but I’m sure all those diversity, inclusion, and belonging folks are really concerned about your education.
Posted on 7/3/23 at 10:40 am to Ag Zwin
Seize the endowment’s of Universities that participated.
Force the universities to make tough choices on which staff members to retain.
Revamp secondary education in the US (no more student loans…period).
Force the universities to make tough choices on which staff members to retain.
Revamp secondary education in the US (no more student loans…period).
Posted on 7/3/23 at 10:45 am to patnuh
quote:
I’m not sure that is even possible today with tuition and apt prices.
If you live in Louisiana and qualify for the maximum of TOPS, you’re paying less than $2K per semester.
Toss in another $500-1K in books.
It’s doable.
Posted on 7/3/23 at 10:47 am to jimmy the leg
quote:
Seize the endowment’s of Universities that participated. Force the universities to make tough choices on which staff members to retain. Revamp secondary education in the US (no more student loans…period).
It’s not that simple. The entire system will collapse. Schools have spent hundreds of millions on waste and facilities they didn’t need, and those all have to be accounted for. The gov has been propping up the largess of higher education on the backs of students for 30 years. If they were to somehow now put accountability onto colleges themselves, you’d see more fees and costs passed onto students. Period. The students would continue to suffer.
There is no alternative to college for many careers. There is no apprenticeship or internship path for work. You don’t have other options. And I’m not talking about trades. That’s a whole other discussion and has been equally affected by this problem. For a long time trades have been shite on as “lesser” options. Now all those folks are retiring, and there is a huge and growing shortage of skilled labor. It’s a big problem and one that will take years, maybe decades to fix.
This is a big deal
This post was edited on 7/3/23 at 10:50 am
Posted on 7/3/23 at 10:49 am to Ag Zwin
The compound interest is what is killing most people with these loans. Makes it nearly impossible to actually pay them off without paying a large amount over the interest rate each month.
Simply not feasible for most people. Simply capping the interest rate and requiring it to be simple interest (and making that retroactive) would solve 90% of the problem.
Simply not feasible for most people. Simply capping the interest rate and requiring it to be simple interest (and making that retroactive) would solve 90% of the problem.
This post was edited on 7/3/23 at 10:51 am
Posted on 7/3/23 at 10:50 am to Ag Zwin
NO!
I say that because it will never end. It will be endless periods of running up debt and relieving it as a political weapon to use against Republicans.
I’m not winning to pay off another person’s debt.
I say that because it will never end. It will be endless periods of running up debt and relieving it as a political weapon to use against Republicans.
I’m not winning to pay off another person’s debt.
Posted on 7/3/23 at 10:52 am to Ag Zwin
quote:
I could consider a LIMITED student loan relief program, under one condition: Fix it.
this is how it started with gays just want to get married, now they are changing your kids sex and cutting things off without even telling the parents first
Posted on 7/3/23 at 10:52 am to Texas Weazel
quote:
There's nothing to fix. The system works for those who are smart enough to use it. If you're too stupid to understand the concept of a "loan", then that's on you.
Acting like the students taking these loans are the only problem in this F’d up higher education system is just being obtuse. As others have pointed out, university administrators are straight criminals.
Posted on 7/3/23 at 10:55 am to LSUwag
quote:
I say that because it will never end. It will be endless periods of running up debt and relieving it as a political weapon to use against Republicans.
I’m not winning to pay off another person’s debt.
Agreed. That's why the solution needs to be:
1. Make them dischargeable in bankruptcy
2. End government-backed student loans
3. Cap the interest rate allowable for student loans at something extremely low
4. Ban compound interest on student loans
5. Make 3 and 4 retroactive, which would definitely mean a large number people have already paid the full amount of their loans, but that's not the same as "forgiveness."
If we do those things, there's very little argument left for "forgiveness."
If we do nothing, we'll just keep making generation after generation of Democrat voters. Something MUST be done. We can't just ignore it and pretend the problem doesn't exist.
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