How student loan issue will be solved except write-off?? (tax, bailout, default)

[redguard57]

Dealing with the existing loans would be relatively easy. Refinance them so the payments are affordable, tie them to a percentage of income so when the graduates do get jobs they'll at least pay back the principal over a period of 10-25 years. Offer others national service jobs where they take low pay & have to serve in high-need areas or something like that for 7 years to get it waived. Done.

The bigger issue is how to keep students from getting more and More and MORE student loans in the future. If I were to become president I'd call for a national-level audit of public university finances. I mean a strict audit - where precisely is the all the money going to that sudents pay, that grants pay, that states and the fed pay? So far, we have a lot of people blame a lot of different problems for college costs. We need to know exactly what's going on.

All I know is that colleges always seem to want more money even when they've got operating budgets larger than a small country, ie: University of North Carolina system's budget of 2.5 Billion. That amount seems big enough to me to support a LOT of students. Why is is not?

Then once we know what the problems actually are, we'd fix it.

[Merkin]

Then once we know what the problems actually are, we'd fix it.

There are few reasons:

1) too many administrators and new regulations (vicious cycles to create job security)

2) schools spending money (beyond their means) to expand
3) student loans are too easy to obtain, easy money always drive up prices e.g. real estate

[North Beach Person]

Originally Posted by Merkin

There are few reasons:

1) too many administrators and new regulations (vicious cycles to create job security)

2) schools spending money (beyond their means) to expand
3) student loans are too easy to obtain, easy money always drive up prices e.g. real estate

I think your chart, which is good, is not college but K-12.

[CPPU12345]

There is no way to solve the kids' student loans, but by the government funds or means(writting off; declaring the loans illegitimate or seducing). The parents messed up, now the gov shall come out to bail out: that was the functions of a government.

[BobNJ1960]

Originally Posted by CPPU12345

There is no way to solve the kids' student loans, but by the .

debtors honoring their debts in full, no matter how long it takes.

[redguard57]

Originally Posted by Merkin

There are few reasons:

1) too many administrators and new regulations (vicious cycles to create job security)

2) schools spending money (beyond their means) to expand
3) student loans are too easy to obtain, easy money always drive up prices e.g. real estate

Something seems wrong with that chart because enrollment is up well beyond 8% since 1970.

[CPPU12345]

Originally Posted by BobNJ1960

debtors honoring their debts in full, no matter how long it takes.

No civil society would make the kids honoring the agreements. The kids cannot agree on anything.

The government is a civil installation; otherwises, why would you support them? Or are we into .....

[BobNJ1960]

Originally Posted by CPPU12345

No civil society would make the kids honoring the agreements. The kids cannot agree on anything.

.....

Nonsense. This will help them become responsible adults.

[CPPU12345]

Nah, the parents were supposed to know better. The kids were not for the experiments.

[CPPU12345]

And if the parents did not know, what were all the highly educated officials for? Why we paid taxes?