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Message
re: Trump administration proposes limit on student loan borrowing-Democrats Explode in Anger
Posted on 3/31/19 at 8:42 am to fjlee90
Posted on 3/31/19 at 8:42 am to fjlee90
quote:
Steve graduates high school with a 3.8 GPA and a 29 on his ACT. He wants to go into finance. He can’t afford all the tuition at a public university. Chase Bank sees that Steve could be a good banker, so they elect to pay for his tuition.
To maintain this, Steve must make a 3.0 every semester, stay out of jail, and work as a teller at Chase to learn his profession. When Steve graduates, Chase provides him a position and he must maintain employment with Chase for a set number of years, or he is liable to incur the costs of his tutition.
There are plenty of companies that do this already at the graduate level. So, substitute high school for undergrad.
In theory it could make sense out of high school, but that’s a big risk on an uproven 18 year old. For chase bank specifically it might make sense (as a lender), but for smaller companies in other industries having that liability doesn’t seem financially responsible. The exception would be those choice few “academic all stars” which receive plenty of scholarships already.
0
Posted on 3/31/19 at 9:17 am to Muleriderhog
quote:
students always rack up $60,000 in debt just to live
Don't live so well.
Posted on 3/31/19 at 9:26 am to airlinehwypanhandler
I've been calling it "Big Education" for years.
Colleges and Universities pay millions of Progressives insane salaries to be insulated from the real world where their trip would never fly.
They know this, as well as the fact that they know they are indoctrinating kids on behalf of the left.
This is part of the reason why the left does not want it to stop. Also the reason why they want the tax payer/producer to start paying for it as well. Perfect scenario: we make your kids dumber, they vote Democrat, and start sucking off the tit before college is over.
Colleges and Universities pay millions of Progressives insane salaries to be insulated from the real world where their trip would never fly.
They know this, as well as the fact that they know they are indoctrinating kids on behalf of the left.
This is part of the reason why the left does not want it to stop. Also the reason why they want the tax payer/producer to start paying for it as well. Perfect scenario: we make your kids dumber, they vote Democrat, and start sucking off the tit before college is over.
Posted on 3/31/19 at 9:34 am to Bjorn Cyborg
quote:Or LSU would become as expensive as Tulane and all the academics would cheer it on. Essentially what’s happening now.
Need to make the max you can borrow the cost of attendance at the most expensive public school per state.
So for Louisiana, if you went to Tulane, you could only borrow the amount it costs to go to LSU.
Private school tuition would plummet.
Posted on 3/31/19 at 9:36 am to Taxing Authority
quote:
Or LSU would become as expensive as Tulane and all the academics would cheer it on. Essentially what’s happening now.
All the while preaching income inequality, etc.
Progressives corrupt and destroy everything they touch.
Posted on 3/31/19 at 9:37 am to Lsujacket66
quote:
That loan is like a self inflicted death sentence basically
Posted on 3/31/19 at 9:37 am to Boatshoes
quote:Who would buy them?
Privatize it and make it dischargeable in bankruptcy so lenders will have to vet the loans they make like other forms of debt.
Posted on 3/31/19 at 9:40 am to fjlee90
quote:Kids donthis in Co-Op programs all the time. Many don’t want to do it because it requires alternating semesters and summers of (paid) work, and it takes longer to graduate. But it’s out there.
To maintain this, Steve must make a 3.0 every semester, stay out of jail, and work as a teller at Chase to learn his profession. When Steve graduates, Chase provides him a position and he must maintain employment with Chase for a set number of years, or he is liable to incur the costs of his tutition.
Posted on 3/31/19 at 9:43 am to MrLSU
quote:
Trump administration proposes limit on student loan borrowing
Only STEM and practical trades should get any financial assistance from taxpayer dollars. If you want to become a SJW or toot on a horn, etc, pay your own way.
Posted on 3/31/19 at 9:45 am to EZE Tiger Fan
quote:The leftist mantra. Socialism for the thee, wealth and capitalism for me!
All the while preaching income inequality, etc.
Posted on 3/31/19 at 10:04 am to Taxing Authority
fwiw, the newest Planet Money is about a new repayment program that Purdue is using. the school gives a student money and the student agrees to give a % of their salary for 8 years after graduation as repayment. the % is determined by the income potential of the degree
Posted on 3/31/19 at 10:19 am to MrLSU
Oh no, this is one of the great sources of income for leftist bullshite!
Take money from everybody to get a college degree you "have to have" and who is about 95% in control of all colleges? the left
Take money from everybody to get a college degree you "have to have" and who is about 95% in control of all colleges? the left
Posted on 3/31/19 at 10:22 am to MrLSU
Their should definately be a limit but also a cap on the interest rate. College education is an investment in our country. Money should be available at 1% interest max. Charge out of country students a tuition rate out the wazoo. No student loans unless you’re a citizen. The “feds” shouldn’t be charging 6 or 7 or 8 % interest to thier own citizens.
Posted on 3/31/19 at 10:25 am to Dale51
The “progressives” have changed the most needed STEM degrees to include the arts. It’s now referred to as “STEAM” degrees.
Posted on 3/31/19 at 11:33 am to MrLSU
Here's a useless degree that they could limit funds for:
INFORMATICS
Washington State, of course.
INFORMATICS
quote:
What Is Informatics?
The term “informatics” broadly describes the study, design, and development of information technology for the good of people, organizations, and society.
Washington State, of course.
Posted on 3/31/19 at 11:45 am to MrLSU
Sounds like a good idea on the surface
Posted on 3/31/19 at 11:47 am to HubbaBubba
quote:
Here's a useless degree that they could limit funds for:
INFORMATICS
quote:
What Is Informatics?
The term “informatics” broadly describes the study, design, and development of information technology for the good of people, organizations, and society.
You think informatics is a useless degree? That pretty much disqualifies you from participating in this conversation
CSE 142 Computer Programming I
STAT 311 Elements of Statistical Methods
INFO 300 (formerly 470) Research Methods
INFO 330 (formerly 340) Databases & Data Modeling
INFO 340 (formerly 343) Client-Side Development
INFO 350 (formerly 450) Information Ethics and Policy
INFO 360 Design Methods
INFO 380 Information Systems Analysis and Management
CSE 143 Computer Programming II
CSE 373 Data Structures and Algorithms
INFO 370 Core Methods in Data Science
INFO 371 Advanced Methods in Data Science
INFO 430 (formerly 445) Database Design & Management
INFO 474 Interactive Information Visualization
This post was edited on 3/31/19 at 11:50 am
Posted on 3/31/19 at 11:51 am to SlowFlowPro
quote:
fwiw, the newest Planet Money is about a new repayment program that Purdue is using. the school gives a student money and the student agrees to give a % of their salary for 8 years after graduation as repayment. the % is determined by the income potential of the degree
Been wanting this for years
Posted on 3/31/19 at 12:11 pm to bmy
I think whatever happens with this, cost containment has got to occur with higher education.
Actually cost reduction needs to occur.
About a decade or so ago, I was reading a thread where a boomer was basically poo-pooing the then millenial generation about college costs.
He basically said "I attended the University of Iowa, paid my tuition, and living expenses off what I made working as a lifeguard in the summertime."
Yeah. He wouldn't do that now, because apparently he did no research on exactly how much tuition has skyrocketed even at schools like Iowa.
Even state legislatures reducing subsidies to schools like that isn't really what has been driving the increase in costs.
It goes to salaries, particularly for admin people like University presidents, the insane amount of admin people they have now, crazy building plans, students are somehow incapable of living in anything but air-conditioned dorms now....
No end to what schools have done to make their basic mission more expensive.
It's similar with healthcare. Not only is how that is paid for something that needs to be thought through, they are also going to have to reduce the price of medicines, and address why a 3 day stay in the hospital for a procedure that was hum-drum even as of 1970 can cost like $30,000. Sure we all know there are reasons, but that has got to change.
Wanted to add I remember talking to one of my professors about this (sorta) in the 80's. He started at Carolina in the 60's, and the department basically had a Dean, faculty, and one secretary for like the first decadeor so he was there.
They wre up to like4 or 5 admin type people by then, and god knows what kind of management type people besides the Dean by that point.
Actually cost reduction needs to occur.
About a decade or so ago, I was reading a thread where a boomer was basically poo-pooing the then millenial generation about college costs.
He basically said "I attended the University of Iowa, paid my tuition, and living expenses off what I made working as a lifeguard in the summertime."
Yeah. He wouldn't do that now, because apparently he did no research on exactly how much tuition has skyrocketed even at schools like Iowa.
Even state legislatures reducing subsidies to schools like that isn't really what has been driving the increase in costs.
It goes to salaries, particularly for admin people like University presidents, the insane amount of admin people they have now, crazy building plans, students are somehow incapable of living in anything but air-conditioned dorms now....
No end to what schools have done to make their basic mission more expensive.
It's similar with healthcare. Not only is how that is paid for something that needs to be thought through, they are also going to have to reduce the price of medicines, and address why a 3 day stay in the hospital for a procedure that was hum-drum even as of 1970 can cost like $30,000. Sure we all know there are reasons, but that has got to change.
Wanted to add I remember talking to one of my professors about this (sorta) in the 80's. He started at Carolina in the 60's, and the department basically had a Dean, faculty, and one secretary for like the first decadeor so he was there.
They wre up to like4 or 5 admin type people by then, and god knows what kind of management type people besides the Dean by that point.
This post was edited on 3/31/19 at 12:15 pm
Posted on 3/31/19 at 12:24 pm to MrLSU
I just wish the Trump Admin/DC would throw borrowers a bone and let us pay our student loan debt back pretax (they could pull it directly out of my 401k). It would help a ton.
This post was edited on 3/31/19 at 12:26 pm
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