Posted on 01/30/2016 7:31:23 PM PST by TigerClaws
yep. that’s where it all starts.
Someone who teaches bioethics seminars at universities.
He had to graduate with a useless degree to determine he had accumulated debt? And jerks on this site damn Trump for trying to run a business school.
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That level of cluelessness may even surpass the “I didn’t know I was a Canadian citizen until 2013” that Ted Cruz laid on us.
Who believes this crap?
That’s great. The eldest granddaughter is going on to graduate school and her mother’s boss is paying her tuition for a promise of one year’s employment with his company.
It would also eliminate the student loan program. If that’s what you want, why not suggest it?
“It would also eliminate the student loan program. If that’s what you want, why not suggest it?”
It would eliminate the student loan program as it is now manifest - as a result, but I would not be in favor of mandating such an elimination through decree.
However, as tuition dropped precipitously, students may well be able to borrow money at competitive commercial rates and not face financial ruination at the end of their education.
You’re suggesting an unsecured, signature loan to 18 year olds. I can’t imagine a higher risk loan. Only loan sharks would be interested.
“You’re suggesting an unsecured, signature loan to 18 year olds. I can’t imagine a higher risk loan. Only loan sharks would be interested.”
Not really. What you outline is, indeed, not far from the situation we have today. The interest may not be as high, but the increase in principal more than makes up for it from the perspective of the borrower.
I’m suggesting that it would be much easier to secure a $10,000 loan than a $100,000 loan - should a loan offer be extended at all. Student loan debt would be treated like any other type of debt - subject to laws, and default.
This could only make sense if there was already a severely delinquent payment history and the co-signer was the next logical step. Oh but wait this is government, so a pattern of logic would make no sense at all.
I remember when regulations first appeared for a direct loan program. I read them over and found there never was a point at which the Department of Ed officially took custody of the loan. There was no point at which the government could no longer force the the school to take back the loan. In this case I did not certify the Federal government to be responsible, and I did not participate. May God have mercy on all those students and colleges who become ever more entangled in the Federal government.
If the government would get out of the way the free markets would sort this out quickly. Right now, for many colleges and many majors the return on investment is negative. Those colleges and majors would cease to exist.
An example: My daughter switched from an English major to a Technical Writing major. If she had remained an English major she would likely be unemployed. As a Technical Writer she is making a nice income with a software company.
There is nothing that justifies the tuition at the elite schools. Heck, there is nothing that justifies the tuition at the state universities. A good education should be easy to deliver and should be inexpensive. The universities carry huge financial baggage to fund their bureaucracy, the PC mentality and the “Studies” departments.
Our college has always been closely affiliated with Christian churches and Christians, though we have the same accreditation as any large university. Since we always lived frugally, I guess we would have been successful in such a world. I will speculate much of the tuition increases has gone into excessive salaries, huge administrative bureaucracies, and elegant facilities far beyond what was needed for utility.
“I will speculate much of the tuition increases has gone into excessive salaries, huge administrative bureaucracies, and elegant facilities far beyond what was needed for utility.”
I speculate similarly. So if loans are rolled back, presumably the excesses will find themselves “undone” and universities will become more utilitarian (and smaller) catering only to serious students who have a capacity to learn.
a really good debt ridden bioethisist is a dead bioethesist
the world doesn’t need and there is no demand for bioethisists
As the Cracker song would go:
What the world needs now, is another Bioethicist
Like I need a hole in my head
Entangled is right. Banks, colleges, students - all dancing with big government.
And that would mean that all the “_____ Studies” departments would shut down because nobody could get loans to enroll in them, and the other tuitions would drop to the point a person could cover them with summer jobs and weekend pizza deliveries.
Would you disapprove of that?
Can you show me the down side? ;)
And those with a capacity to follow a vocation not requiring a four year degree could do so in peace without facing questions from those placing an inordinate value on a college education.
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