re: Why do universities charge exorbitant tuitions for a worthless education?

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quote: I agree but what I’m saying is the burrower isn’t the only one at fault in this case. The borrower asked for the loan. The borrower applied for the loans. The borrower signed the promissory note, promising to pay back the loan. The borrower took the money. The borrower spent the money. The borrower refuses to pay it back. Who else is at fault

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I agree they shouldn’t be forgiven but no person on earth (including banks) would give out $30-100k in loans to any dipshit 18-22 year old that applies. If I loan thousands of dollars to some random 18 year old dumbass that’s never held a job I can’t really be surprised when they don’t pay it back.

I completely agree with that. With the exception of STEM degrees the education system is more like an indoctrination system. The leftist plague is even infiltrating STEM departments now.

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If 18 year olds are too dumb to understand what a loan is, they shouldn't be allowed into a college classroom. Muchless, vote.

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Well no fricking shite dude. The point is if I loaned some random 18 year old I never met thousands of dollars and it didn’t get paid back people would call me a dumbass for loaning the money in the first place. That doesn’t make them right in not paying it back. No one here is saying that but for some reason you seem to want to ignore the fact that the loans are ill advised from a lenders standpoint to begin with. The thing is the government doesn’t give a frick because it’s not their money which is why the loans shouldn’t even exist. Taxpayers shouldn’t be on the hook for retarded loans given by the government. The government deserves blame here also because they’re the ones taking money out of our pocket.

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The point is if I loaned some random 18 year old I never met thousands of dollars and it didn’t get paid back people would call me a dumbass for loaning the money in the first place.

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I think you’re short selling lots of kids. Plenty of 18 year olds understand what a loan is. Plenty can look on line and figure out what their career prospects are. Millions have done it — and paid their loans back. Those are the ones we should be supporting, not saddling either burned of taking care of those that cannot do those things.

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That doesn’t make them right in not paying it back. No one here is saying that

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Actually some, are saying exactly that. They call asking to borrow money “predatory lending”.

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Taxpayers shouldn’t be on the hook for retarded loans given by the government.

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Did you think I was arguing otherwise?

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Well no fricking shite dude. The point is if I loaned some random 18 year old I never met thousands of dollars and it didn’t get paid back people would call me a dumbass for loaning the money in the first place. That doesn’t make them right in not paying it back. No one here is saying that but for some reason you seem to want to ignore the fact that the loans are ill advised from a lenders standpoint to begin with. The thing is the government doesn’t give a frick because it’s not their money which is why the loans shouldn’t even exist. Taxpayers shouldn’t be on the hook for retarded loans given by the government. The government deserves blame here also because they’re the ones taking money out of our pocket.

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I don’t see how anyone can argue with this. Yes, it’s dumb af to take out a massive loan to study basket weaving. But it’s also dumb af to approve said loan and it’s predatory behavior for said major to even cost what it costs.

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I think you’re short selling lots of kids.

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And I think you are failing to realize the role university administrators and the fed gov play in the fact college tuition is absolutely absurd nowadays.

Because they can is THE answer.

But gaining fast: because foreign born and reared children have the money to come here regardless of the price tags.

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University administrators who can charge whatever they want

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Every student signed up for the classes, and paid the tuition. They chose to pay price charged. No one made them.

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University administrators who can charge whatever they want bc they are in bed with the fed government who will give out massive loans to anyone, regardless of their risk profile

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Absolutely agree that subsidies have raised the prices above the value of the product. But... The price of tuition is something a RESPONSIBLE borrower would consider.

How hard is it to check what jobs are available for a Music Theory degree, then compare that to the price of tuition?

If you an average HS student is incapable of doing that... they shouldn't be graduating high school. They shouldn't be allowed to handle a fork.

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then man you have a simplistic view of this entire situation.

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Admittedly, I do. Because it's not a complex situation. They took the money. They should give it back. Taxpayers did NOT take the money. They should NOT have not have to pay it back. It's not complicated.

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There are 3 parties in this situation who have varying degrees of culpability:

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Did you read my post? They all have a role.

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1) Fed gov unable to assess and price by risk
2) University administrators raise prices by amount of subsidy
3) 18 year olds borrow, take, and spend the money

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I find it puzzling that among this group, all of your ire is aimed at #3.

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I'm not angry at them. Each of your three have a role in fixing the problem. But there is no reason to give #3 a free pass for their part.

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1) Fed gov stop subsidizing
2) University administratorsprice accordingly
3) 18 year oldspayback what they took, and promised to pay back

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What puzzling is why anyone would think taxpayers... who do not even appear in your list of culpability should solve #3's part of the deal.

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Sorry, I’m not laying it all on the feet of 17-18 year olds to have it all figured out navigating an obviously corrupt system.

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I get it. You want to transfer blame, so that consequences of their choice removes their culpability. I'm never going to agree to that. I can't see someone given thousands of dollars as a victim because they PROMISED to repay what they took. That requirement was never hidden from them. Stop treating it as if it was a surprise.

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I am not trying to give them a free pass. Quite the contrary, up until your last post you were giving a free pass to the govt and universities

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Ah. I see what you're saying... Of course prices are inflated due to the subsidies. No one is even trying to fix that. Hell, we're making the same mistake with healthcare.

I'd love to see the subsidies get ended. Best thing that could happen.

My point was there is no reason to bail out borrowers, regardelss of the actions of anyone else. The borrowers had complete price transparency, value transparency, and agreed to the terms offered. They are solely responsible for the amount borrowed, they should be solely responsible for repaying what they took.

The inflated prices are terrible. But none of that obfuscated the price, value, nor terms of the deal. They took the money voluntarily. No one forced them to do it.