Posted on 11/01/2018 7:32:28 AM PDT by Chickensoup
I keep up with the events and politics.
I am reading the book Kids These Days - Human Capital and the Making of Millennials by Malcolm Harris and it gave me a very different perspective on student Debt.
Chapter Two called Go to College, discusses student debt, its design not to be discharged via bankruptcy, and the use of future earnings of millennials to fund current healthcare debt IE Obamacare and education capitol construction projects for the foreseeable future.
This puts a different spin on what happened to these kids who have been encouraged to voluntarily take on debt that they cannot discharge. This has been predatory marketing, abetted by our government.
In many ways the student load debacle is a crony capitalism ploy just as nefarious as legislated wind projects that ruin peoples' property values and enrich cronies who receive a guaranteed income that the utilities (consumers) are required to pay.
There is no enriching quite like guaranteed money.
I am reading the book Kids These Days - Human Capital and the Making of Millennials by Malcolm Harris and it gave me a very different perspective on student Debt.
Chapter Two called Go to College, discusses student debt, its design not to be discharged via bankruptcy, and the use of future earnings of millennials to fund current healthcare debt IE Obamacare and education capitol construction projects for the foreseeable future.
This puts a different spin on what happened to these kids who have been encouraged to voluntarily take on debt that they cannot discharge. This has been predatory marketing, abetted by our government.
In many ways the student load debacle is a crony capitalism ploy just as nefarious as legislated wind projects that ruin peoples' property values and enrich cronies who receive a guaranteed income that the utilities (consumers) are required to pay.
There is no enriching quite like guaranteed money.
The education industrial complex is the most reliable leftist ideological bloc there is. It indoctrinates the young, it ties them to leftist policies, it supports many tens of thousands of ideologues, and it creates a teflon monoculture and echo chamber
It is all supported by massive spending by government and massive debt.
It is time to pop that bubble.
It would be nice if, in the next 6 years, he could also get to the following two things:
1) Eliminate election fraud
2) Cleanup Higher Education and find a way to free young people from the scam of college loans
The first would damage the Democrats and the second would pull the young people to the Right. Bernie got their attention with "free college". Trump could get young people with a practical alternative that helped them avoid crippling debt.
The order is wrong, do 2) first and then 1). This way, Democrats have less support
“Trump could get young people with a practical alternative that helped them avoid crippling debt. “
I’m listening. What do you suggest as practical other than student loan amnesty? West Point for all?
it was deception built on deceit. built into the bill that hijacked our healthcare was a law that hijacked the entire student loan industry. the outrage over healthcare was so cataclysmic that no one seemed to really notice or care that the other economic abduction was at least as outrageous.
I personally subscribe to the sinister conspiracy theory that the Democrats want as many people in non-dischargeable student debt as possible so that they will be able to float a loan forgiveness scheme that will allow them to successfully buy ONE election whenever they need it most.
Trump could blow-up the plan by making them dischargeable.
This needs to be addressed. Sooner rather than later.
By Trump.
Right after the election.
I’m not sure that I have “the” solution. The problem is obviously difficult.
I would suggest that many college degrees are pretty worthless and getting more businesses to offer apprentice programs or on-the-job-training would be good. Tax incentives might be possible.
I would also say that college with high tuition and large endowments should perhaps not be seen as “non-profits” that do not need to pay taxes. A lot of universities have luxurious dorms, splendid cafeterias, and bloated staffs of highly paid academics who do very little teaching. Kids go to these schools, pay $60,000 a year, go into debt, and graduate with (in some cases) no real skills. Perhaps the tax code for universities can be manipulated to tell schools: “live in the real world”.
My basic feeling is that modern culture says “everyone” should go to college and if you don’t have a degree, you must be a “dummy”. That’s just wrong. Some fields — such as STEM — need higher education. But a great many people can have wonderful careers without sacrificing 4+ years of their lives and going deeply into debt. We need a cultural change so that people understand it just doesn’t have to be that way.
Very simple. Require university funds be invested in student loans, so that teachers’ and administrators’ retirement depends on students voluntarily repaying the loans.
There would a lot fewer universities offering useless degrees and those that did would find it harder to hire and retain teachers.
He should do that! For all future incoming 1st year (freshmen or whatever you choose to call them!) students who apply for such loans, the only available loans are loans for majors that are highly employable. Maybe check BLS employment statistics see where the shortages are & say only these majors/training/education qualify for loans. The “qualifying majors” and the number of loans allowed could change from year-to-year.
My personal preference is to do away with the whole thing but I know that’s politically impossible.
I would like to see more college skin in the game. That would do away with many of these “studies majors”. It might be enough to just make the “employable majors, etc.” the only ones to qualify for loans. (It will certainly reduce their numbers!) The flaw of course is a future RAT administrations will as a minimum manipulate the labor statistics so that nonsense like the “studies” programs will qualify.
The other problem that needs to be addressed in controlling “higher education: costs is the number of “administrators. This number needs to be hammered down - ‘administrators” such as “diversity’ “Title IX”, etc. drastically maybe to zero doing it full time. The federal government can help by repealing some of the federal “regs”, the states are going to have to step and RIF these positions in the state schools.
As I understand it, there is a court case which banned IQ tests as a condition of employment (IQ tests be racist). I think it is largely because of this that businesses decided a college degree was a prerequisite for so many positions. It’s basically an IQ test that takes 4 years to complete.
But IQ tests have been around for a long time and have given very consistent results. There is NO reason to ban them. If businesses could give IQ tests, they might pick up a lot of 18-year-old workers who could work cheap and pick up skills. It’s a win-win for everyone (except the Leftists in Higher Education).
Banning IQ tests because they are racist is a backhanded way of saying that minorities have lower IQs.
Which is, in fact, racist.
Irony: The Mark of Quality Literature.
I agree!
Griggs vs. Duke Power Co., 1971.
I agree with you, but the challenge is going to be convincing employers. They’ve 100% swallowed the educational establishment’s Kool-Aid on this one.
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One of the objectives of the Goals 2000 of the NEA is met!
There is a movement for the elite higher education institutions to pay a tax on a portion of their blown out of proportion endowments. Perhaps it could help these kids as well as helping the non academic kids through voc schools.
I think that is a wonderful idea.
What ever happened to the idea of pursuing one’s interests after graduating and while working.
My interests in economics, early and mid 20th century Angloterra history and culture and mid twentieth century American culture blossomed after I graduated. I think my philosophy minor would have been better served if I had just followed my interests after graduation.
I think it is largely because of this that businesses decided a college degree was a prerequisite for so many positions. It’s basically an IQ test that takes 4 years to complete.
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a capacity to put up with bu*****t? Patience? Ability to dig the hole and fill it in?
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