Posted on 10/28/2011 9:41:28 AM PDT by stillafreemind
it would also kill the garbage degrees and the departments of pointless degrees.
Make the universities PAY when a student files bankrupcy.
USE the darn endowments for something other than building ego plaques on buildings.
Rush said some of these huge endowments earn 20%+ a year. I do that in good years, say 3 of 4. But that is only because I have a tiny working stash of money. Their stashes are huge. When you have a billion or nigh-billion it’s hard to get returns like that.
Pretty good idea....
Why are taxpayers footing the bill for silver spoon ivory tower tenured professors?
Where is occupy wall street on cracking the ivory tower piggy bank?
oh yes OWS is standing in front of a show piece building when the real trading is done on computer terminals in NEW JERSY.
Wrong Way Crorrigan had NOTHING on the directionless OWS college students.
“Have the college get the bill if the student defaults due to being unable to find a job. Overnight, colleges will stop accepting students who don’t belong in college, and will stop offering majors that will not lead to a job (except if you’re rich and paying cash).”
I’ve never entertained an idea like this before. In theory it could really be effective it seems to me. Imagine the implications!
Professors and administrators around the country would howl like a wounded dog.
It might result from the feds getting out of the guaranteed student loan business. If the colleges wanted students, then they would need to step up and be the loan issuers. With their own endowments (and thus the faculty's pensions) on the line, they would tend to be more realistic as to who was likely to benefit from a college education.
The trend towards having everybody going to college came from EEOC policy. A company used to be able to select smart applicants out of high school and put them on the management training track. But doing such would set them up for discrimination lawsuits if their testing process did not select a percentage of black applicants similar to the pool of black high school graduates. So companies started demanding college degrees (and with the current trend of colleges graduating people who really are not college material, now they'll start demanding Masters degrees).
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