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Again, all they'd doing is the same work admissions officers do. Also, none of that is a future guarantee of earnings.
That kind of policy would just exacerbate income inequality. Essentially, you're saying the students who have been well prepared, coached, & supported are the ones who would get funding.
All you'd do is create a Hunger Game.
No one is looking for a guarantee of earnings. Just an assessment on risk. You should look into how loans and credit scores work.
Those who are not well prepared are not suitable for college. That's how we got into the situation we have now. Thousands of people graduate with a 4-year degree without any plans of contributing to academic research. What a mess. We NEED to make sure those entering college are going to succeed.
One does not need to be well off to get there. Of course, it helps and historically has made a big difference, but poor people have been part of the 5% you cited as well.
Those who are not well prepared are not suitable for college. That's how we got into the situation we have now. Thousands of people graduate with a 4-year degree without any plans of contributing to academic research. What a mess. We NEED to make sure those entering college are going to succeed.
My suggestions is to get rid of student loans forever and in my opinion, immediately change the American college system with more practical majors. Community colleges should have REALISTIC college majors and earn a bachelor's degree and not be a waste of time, money, with no job experience only debts. REAL HANDS ON MAJORS: REAL JOBS. Students are living in debt, at their parents houses as a result these days. All the jobs have moved over seas or closed down. The stock market is in negative territory daily.
girl0681, I would want loans with collateral, or only private loans individually approved with individually assessed payment terms, by ones local bank. Terms should also include taking pledged collateral for any change in major not approved by bank, or flunking out of college, unless all loans are then immediately repaid in full.
My suggestions is to get rid of student loans forever and in my opinion, immediately change the American college system with more practical majors. Community colleges should have REALISTIC college majors and earn a bachelor's degree and not be a waste of time, money, with no job experience only debts. REAL HANDS ON MAJORS: REAL JOBS. Students are living in debt, at their parents houses as a result these days. All the jobs have moved over seas or closed down. The stock market is in negative territory daily.
Community colleges are not funded or set up to be valuable as a realistic college program. Frankly, with the exception of vocational programs, they are a complete waste of time.
I agree that we should get rid of these ridiculous majors. There's so many majors tied to jobs that it's ridiculous. An IT major? Get serious!
No one is looking for a guarantee of earnings. Just an assessment on risk. You should look into how loans and credit scores work.
Those who are not well prepared are not suitable for college. That's how we got into the situation we have now. Thousands of people graduate with a 4-year degree without any plans of contributing to academic research. What a mess. We NEED to make sure those entering college are going to succeed.
One does not need to be well off to get there. Of course, it helps and historically has made a big difference, but poor people have been part of the 5% you cited as well.
But these are mostly 18 year olds who have no credit, have probably held nothing better than a McJob in their life if that. All you've got are their hs transcripts. They couldn't get a "real" loan if they tried - no one would give an 18 year old a decent car loan, much less a mortgage. They can get a credit card with a limit of $1000 maybe.
Admissions offices do screen for potential. If you're going to one of the expensive schools - they are going to screen you already. Community colleges & 4th tier publics that don't really cost that much more than CCs are the open enrollment ones. They are not the ones driving the debt problem since they're already much cheaper.
There are for-profits although I think most of those are scams & should close.
But these are mostly 18 year olds who have no credit, have probably held nothing better than a McJob in their life if that. All you've got are their hs transcripts. They couldn't get a "real" loan if they tried - no one would give an 18 year old a decent car loan, much less a mortgage. They can get a credit card with a limit of $1000 maybe.
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That is a great case for eliminating all student loans w/o pledged parental collateral.
Yes. If they don't believe in Junior, why should the public who does not know him view him as a good risk?
And if they die or become disabled, the parents should lose their home?
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