This genius has it essentially backwards.It is the availability of student loans that begat rising education costs. Take out government backed student loans, eliminate them completely and tuition costs drop like a boulder in water. It is all about supply and demand. Dry up the money, demand drops drastically. To increase the demand, you do what? Lower the prices to get rid of the glut of supply.
Never gonna happen with Dems in charge.
“Big education” is probably as important in contributions to Dems as “big labor”.
Those contributions come from overpaid profs and admins who profit from high tuition and fees made possible by massive student borrowing.
“Lenders, in this case the government, should make a fact-based determination of a student’s likelihood to graduate, to get a job and their expected income.”
Well da, that’s what they do in every other type of lending (at least when the government isn’t involved). “You want money to start a business, fine, show me the plan and how it pays us back.”
It is very simple, but the liberals will scream to high hell if we ever tried to add accountability to this lending. About the only thing good is that the loans can’t be discharged in bankruptcy and I get more entertainment value listing to Art History majors bitch about not being able to pay back their $65,000 debt.
Isn't that racist?
Amy liberal would tell you that any such action would be racist. Besides, the Dems are fixing the situation. Students who get their degrees now (in Penguin homosexual studies, etc.) simply transition to SSDI for life (for ADD or some such liberal condition).
Financing education amounts to financing “human capital” - it’s a small business loan.
No loans for: Feminist Poetry, The Dog in Cinema, Labor Studies...
As the article stated..it doesn’t offer a solutions to of the past.
I don’t think all kids are are college material. If kids really want to go to college..maybe they should earn that right. If a kid’s grade average is high enough in high school, there are AP classes that translate to college credits. They can always go to a community college for a couple of years to get the basics at a lesser cost and then move move to the college of their choice to get a legitimate degree.
And if they don’t have scholarships...maybe they should work so they don’t come out of school so deep in debt it would scare a normal person.
The writer forgot that there is no risk for student loans. They cannot be discharged in bankruptcy. Like herpes they are forever!
I think a significant number of the students are betting on the government coming through with some type of loan forgiveness. Most partied for 5 or 6 years to get a 4 year degree and fully expected to be given a high paying job, a large suburban house, and a nice jet setter lifestyle just because they deserved it. Many of those living in their parents basements are becoming bitter and resentful, not at themselves, but at their parents and society. Like the Food Stamp President, it is always someone elses fault. The classic, but not uncommon OWS student sign puts the entire generation into perspective: “I have BA Degree in Hispanic Gay, Lesbian and Transgender Studies with $90,000 in student loan debt and I can’t find a job”. DUH, DUH ... One would think for $90,000 (which is only the student debt, probably not the total cost) one could obtain a scrap of paper representing something educationally more substantial than just hanging around Hispanic queers, freaks and perverts for 5 or 6 years.
This solution has NO chance of ever being tried. White men would benefit disproportionately. Journalism majors and communications majors and political science majors wouldn’t be able to get a loan, let alone women’s studies and black studies.
Europeans do what this guy is suggesting. Children in Europe are evaluated all through their educations and ONLY THE BEST get their higher education paid for. Here in the U.S., we try to put every student who desires it into university, whether they have the talent and drive or not.