Posted on 12/02/2015 7:12:23 AM PST by SeekAndFind
How to fix it?
Garnish their wages.
Every simple non-problem can seem like a problem if you are so droolingly stupid as to discount the obvious.
Eliminate worthless academic departments and the cereal box top majors eminating from that cess pool.
Fix it by ending the doomsday debt machine known as the Federal Reserve.
it supports the US Government in everyone of its progressive social-engineering schemes.
That wouldn't work so well when someone with a $150,000 degree in XYZ studies is making coffee at Starbucks for $10 per hour ($15 in Seattle) . . . if they are working at all.
Does getting your Counseling or Social Science degree yanked make any difference to you when you’re main job is to say “do you want fries with that?”
But if you make relatively little and saved nothing, you get all sorts of grants, scholarships, and subsidized loans.
One of the biggest problems I have with the EFC is that it does not take into account your younger children, or children that have already graduated college.
Most people I have spoken to are in the same boat as me. The EFC comes out to $55,000 per year. We all compare EFC's and we are all get the same number.
We got an offer letter for my daughter (now a junior in college) when she was accepted, and I went back to the college and asked if they could do any better. The answer was "no"... their offer (around $30K/year) was already below my EFC so they couldn't do anything.
Then again, let's not...those who have read Atlas Shrugged knows how these "unification plans" didn't work out...lol.
Harvard could give 50,000 students an annual $20,000 stipend on the income from their $30+ billion endowment.
Formally open up the bankruptcy process to student loan holders.
There is ample precedent. That’s how it will be solved. Discharge unpayable debt, or restructure it.
This will destroy academia as we know it, but that is inevitable anyway.
No American should be expected to be enslaved for life by unpayable debt. Like it or not, that’s the only solution.
Simple.
One student at a time.
If you can’t afford it CASH, don’t sign up.
So long as prospective students are willing to commit to whatever hair-brained schemes to pay for whatever the list price is, schools will keep jacking up those prices.
One reason for raising tuition to the stratosphere (other than they’re just happy to accept whatever you’re willing to pay) is to create _friction_: there simply isn’t enough seats available for everyone who allegedly* wants a degree, and they can’t discriminate on any other grounds, so they have to raise prices until demand finally drops off to match available supply.
(* - as a part-time prof, I found fully 1/3rd of students either wouldn’t or couldn’t do the work; if you won’t do the work, you don’t want the degree - go home and save your money.)
We have a winner.
” I found fully 1/3rd of students either wouldn’t or couldn’t do the work; if you won’t do the work, you don’t want the degree - go home and save your money.”
Did your institution send them home, or accommodate them so that they would continue to be a revenue stream? I think I know the answer. Failure is not an option if you can still borrow money to give to the university.
Nothing wrong with having “worthless academic departments and cereal box top majors”.
The problem is INDIVIDUALS CHOOSING to go into debt to get them.
Methinks the solution is: leave things exactly as they are. At some point people at large will realize “don’t sign up for a huge debt to get a stupid degree”.
Half the problem is people thinking it can somehow be “fixed” any way other than “don’t sign up for a huge debt to get a stupid degree”.
Here’s what I would recommend for students.
1) Select an affordable university.
2) Live at home and commute to school.
3) Work part time jobs to cover expenses such as food, tuition, and textbooks.
4) Keep borrowing to a minimum.
I know this works. It’s what I did to get through college.
When an in debt college student, present or past, gets into the voting booth, issues like the economy, immigration , fundamental Muslim Jihad, race relations,Supreme Court Justice appointments etc will be trumped once again by this simple consideration:
Vote for the Socialists (dems) because they will get the taxpayers to pay off your college debt, because if you vote for Republicans, you will be in debt for the rest of your life. - Tom
That’s exactly what my daughter did. She had her loan paid off in a little over 1 year.
Now, the university uses OPM, yours, to fund their lifestyle, with no limits.
It has become a laundering service, with your money, from the taxes, through govt officials, and back into their campaign coffers.
Slick plan, that.
Every d@mn one of them failed the class.
Three times in a row I actually flunked the whole class (admittedly very small classes then, but still). Seeing what was coming, I called the dean:
“Looks like I’m going to fail all of them.”
“You give each student individually exactly the grade they earned.”
“Thank you.”
System was set up so all relevant CYA info was recorded. They had absolutely every opportunity & resource to succeed. If you don’t do the work, you can’t pass.
Upon failing, each was given the opportunity to retake the course.
Most of them failed again. (Most notable case: student actually _bought_ answers to the final exam, costing him at least $300. He still failed.)
If. You. Don’t. Do. The. Work. You. Can. Not. Pass.
Yep, the kids don't have any skin in the game when they perceive these loans as FREE money.
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