Posted on 06/17/2019 11:13:11 AM PDT by Hojczyk
As it is currently structured, the wealthy write checks. The poor get government grants, the middle class get saddled with easy to get loans that can’t be afforded. Universities are never at risk and collect cash to fund jobs and construction projects. They don’t need the middle class and the government owns the loans.
Universities now are for the poor or the rich. Middle class need not apply.
I am reminded by this thread of something my late mother would say to people on a regular basis.
Is this REALLY the hill you want to die on?
Yes, morally, ethically, economically, forgiving this debt is bad policy. It rewards people for making the wrong choices and is unfair to both taxpayers and those who paid off their student loans (myself included).
If you can tell me with a straight face that you’ll be proud you stuck to that position the morning after Election Day when we get plowed under by millions of degreed Millenials stampeding to the polls to vote for their bailout, then you go right ahead and be principled.
Me, I think Trump should actually be working on some solution to diffuse the ticking bomb. That would be smart politically anyhow.
1. He's got a photo of himself on a 12 century castle in Jordan. He was there "studying Arabic and Peace and Conflict."
2. One year later, he "attempted a summit of Mt. Kilimanjaro in Tanzania."
3. "That was right was after studying in Morocco and before traveling by cargo truck around Kenya, camping and studying ecology and conservation."
4. He got a master's degree in "Social Journalism at the CUNY Graduate School of Journalism."
It seems like this guy never considered how he's earn a living after he graduated, and then proceeded to make the wrong turn at every major crossroads in his young adult life.
But ultimately the student needs to have enough sense to think things through and get all the info and make a decision.
Welcome to your bigger debt/slavemasters, Simon...
...you, your children, your grandchildren, etc., etc., will pay and pay and pay and pay some more.
What the hell is “Social Journalism”???
the obvious solution is to take the monies needed from all the wealthy endowments and have colleges liquidate the hard assets like buildings to pay for it all.
It was their boondoggle.
The elites sold college degrees to a great number who could never put the education to good use. That begs a very good quote:
“Opportunity is missed by most people because it is dressed in overalls and looks like work.” - Thomas Edison
Which reminds me of another unattributed generational gem coming from a young person:
“I thought I wanted a career, but realized I just wanted a paycheck.”
According to his publicly viewable linkedin profile, he spent four years at a community college getting an associate’s degree (no shame implied there, some people take time to get degrees, even associates), then _another_ four years to get his bachelor’s degree at Rutgers (ok, something is off by this point. If he didn’t pay down his debt by this point by working part time or advanced ng his career path rospects, he’s actively trying to avoid adulthood) Somehow he knuckled down and knocked out his grad school in a single year, but it cost him 70,000, and apparently he found a way to get loans despite being a very poor credit risk (journalism can pay the bills, but it doesn’t pay all that well except at the very top levels and he already had a heap of debt to pay off).
I don’t blame him for not seeing the debt as his responsibility, he’s a knucklehead. I do see that the government has a big hole to fill with approving or subsidizing these loans. I also have no idea who would hire him as a business consultant, which seems to be his sort of job.
Um, I’d say he’s the non-productive SJW writer type. Guessing he likes rainbows. From his website:
“More about me
I wanted to be foreign correspondent. That’s me on top of a 12th century castle in Jordan built to defend against Crusaders. I was there studying Arabic and Peace and Conflict.
One year after that, I attempted a summit of Mt. Kilimanjaro in Tanzania. That was right was after studying in Morocco and before traveling by cargo truck around Kenya, camping and studying ecology and conservation.
I came home after those months overseas to start a local news site. That’s when I realized there was plenty of work to be done at home. I’ve since oversaw editorial operations for a digital media company, launched a social justice journalism lab, received a M.A. in Social Journalism at the CUNY Graduate School of Journalism, managed growth for an international technology company, been named one of 2017’s top digital media innovators by MediaShift, and was recently named a Reynolds Journalism Institute fellow.
Today, I’m focused on my roles as customer success lead at GroundSource and director of the Community Information Cooperative.
GroundSource is a community building company that offers mobile messaging and voice products to newsrooms, schools, nonprofits, and local governments.
Community Information Cooperative builds and supports community information districts, special service districts that fulfill the news and information needs of local communities.”
https://www.rjionline.org/account/profile/4197
https://zipsprout.com/in-local-journalism-a-conversation-with-next-gen-reporter-simon-galperin/
Seems like a pretty poor investment. But how is that my fault?
I only have a cheap AA degree I got online and make much more than what he makes, with zero debt.
But his type looks at me like I'm an idiot because I haven't a Master's Degree.
Well rectal thermometers have degrees and you know where they stick them....
Ah, good ole Judge Smails.
Degree is what area of interest?
Phooey story.
I see your point.
On small step in the right direction: The Federal Government should no longer be involved in financing education. No guarantees, no loans. Student loans should be 100% privatized, and as is current law, not dischargeable by bankruptcy.
“...Why would I choose to pay down my debt...?”
Well, because (1) no one forced you to become that indebted and (2) you owe it.
Dummy.
Nobody said they supported bank bailouts, except for you when you constructed your poorly built straw man.
Thanks. That link is great! So it appears he spent all the money he borrowed on exotic foreign travel, calling it education, and now he wants to avoid paying what he owes. He had to know from the beginning he could not pay the money back, didn’t he? Seems like a totally dishonest individual, if all that is true, but but I’d be willing to review an audit of all his income and expenses to find out.
Shouldn’t we consider creating federal work farms for people who do that sort of thing?
There comes a certain point where you have to blame the lender as well. It is just dumb to loan all this out.
Or could have worked his way through college, instead of borrowing a huge amount of money.
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