re: Trump administration proposes limit on student loan borrowing-Democrats Explode in Anger

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Anyone who borrows money to get a law degree

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This is about 90% of law students .

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when the same degree at a respected public school can be done for $75K

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I paid about $25k for a whole bachelors and graduated in 2010.

In all honesty there isnt much difference between ABET acredited schools. Employers care more about if you pass the FE exam and any internship experience you have than where you graduated from.

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Not everyone needs to go to college.

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More effort needs to be made in getting the right people to college. A problem just as big as students borrowing a 100K to get a gender studies degree are the very large percentage of students that drop out after 2 years with no degree and owe $50K plus in loans. There are many schools where the graduation rate is only 50% or less. Universities will never help resolve this issue, it is counter productive to their goals.

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Have a cap for a bachelor's, and a separate cap for a JD, MD, etc.

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No. This is what has run tuition up so damn high. Cheap money. I graduated med school in 2000 and owed $36k. My wife's PharmD and college was $28k with some for living expenses. We lived meagerly and worked summers in college and in school when we could. Now, it's damn near $50k/year for med school and I have no clue what pharmacy is now. So, for 2 doctorates and college for her we paid a little over 1 years tuition now. They're creating indentured servants. By the time I finished residency we were debt free and had the means to start our own businesses. It's gotten insane.

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orrection: Tuition has skyrocketed because the govt made unlimited money to pay for it available to everyone. In basic economics if you can make more money servicing an unending supply customers with an uncapped amount of cash then you increase the rate dramatically till the demand falls. All this while making an entire generation life long servants.

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+1000000000000000000000000 this has happened in medicine. Rural and primary care loan payback puts "free money" in the system. It locks those students into shitty pay and holes that can take decades to dig out of, and those that specialize have to make and pay that much more to break even.

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The BIG problem with "Free school for all".

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Heres a simple fix:admit fewer students, but give them better funding.

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This is about 90% of law students

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Maybe I should have clarified - any kind of "real" money, as in $75k, $100k, $200k, $250k - that's silly in this market. It's been a buyer's market for legal services for decades.

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Now, it's damn near $50k/year for med school and I have no clue what pharmacy is now.

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The rate of the price increase is truly absurd.
When I started medical school, it was $16,000/yr. When I graduated, it was $13,000/semester. That is a rapid fricking rise in costs over a very short period of time. To those that aren't familiar, a part time job in medical school is exceedingly rare-to-impossible, and there simply isn't time to dedicate to make enough income from anything to really make a significant dent in living expenses- during the 3rd year of school becomes a full-time job (and much more than a 9-5 one in most cases).


I married an old classmate during residency. We will be out from under student loan debt in probably 18 months of practice. It's still not bad for a career that I genuinely love. But paying off loans in residency? Your $50K/yr number is pretty accurate. Outside of an independently successful non-traditional student that decided to go back into medical school or someone's parents/local healthcare system footing the bill, I don't think many 22 year olds have $200K lying around or can make it over the first 7 years from the start of school to the end of residency, especially with the stupid duty hour restrictions they like to impose on residents.


What's sad is that the ridiculous tuition leads to high monthly payments which attracts new graduates to the fast-money of employment instead of hanging a shingle or buying/joining an existing "per pelt" gig where their time and effort actually translates to their reputation and their paycheck, so down the line it breeds a less-than-motivated-to-do-more-than-required group of doctors that worsens the physician shortage.

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Republicans better not touch my $250,000 loan for my Gender Studies Degree or I will explode in anger and protest at UC Berkley and maybe Stanford too!

Fox Business for the Trigger Impaired

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You think our asinine comments added to the the article?

There are other aspects to the proposal than just capping the loan amount, jackass.

Pretty simple, really.

There are stats out the arse about job opportunities and compensation for just about any and every field. It would be very easy to determine the prospects of likely repayment based on anticipate future income.

That way, you can still get sufficient loans for medical school, but would be capped on a degree in 16th Century Transgender Studies.