Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If you want tuition to go down, get rid of Government student loans.
When colleges start seeing that no one can afford them on their own dime, they will quickly lower tuition costs to attract students.
I do some work with publicly funded higher education institutions, and can tell you that most of them operate on a shoestring. Your Harvard sized endowments and Penn State alumni gifting for fancy new facilities are anomalies. A lot of the increasing cost to students can be attributed to a declining in funding from state governments, and to a lesser degree increased facilities cost to attract students.
While I agree that we have an employment system that undervalues a BA and treats it like a high school diploma, thus driving more people to seek them for jobs that shouldn't require degrees, it's incorrect to say that the availability of loans is directly responsible for increased cost. Fact is increased enrollments cost schools money that they usually don't have, which requires tuition to go up because the state isn't funding the schools the way they should, which makes the cost unaffordable to the middle class so they have to get a loan, and the cycle repeats.
That said, charging 6%+ interest on a student loan is insane. I don't have a credit card in my wallet that charges that much.
Quote:
Originally Posted by Spaten_Drinker
What a loon. The Dept of Education should nothing more than a think tank. It should not be providing money to anyone. Fauxcahontas needs to go back to her teepee and keep quiet. She is not qualified to be a senator.
Do you ever give a thoughtful response to anything?
The student debt is the next card that will fall and bring more of the economy down with it. If we can bailout these wall street scum who caused the problems in the first place, we can do the same for the average person.
Which Wall Street scum forced which student/students to sign for loans they couldn't pay back?
We do not need to increase the debt people take on for a college education. More people go to college than ever today. And they over spend to do so - without earning a job that allows them to repay their loans.
We need to discriminate in choice of majors. We need zero (yes zero) new graduates with most liberal degrees. Don't lend any more money for these degrees. You can work in Starbucks straight of high school and you will be debt free.
By eliminating Liberal Arts college becomes nothing more than a trade school. That would destroy any critical thinking or teaching of the human condition. Colleges would only produce production units to be plugged into a cube and computer at corporate. That is not a living it is intellectual bankruptcy and wage slavery.
I think higher education should be effectively free with the cost paid back by adding a permanent surcharge (say 15%) to the graduate's Income tax rate. This would make little difference to graduates working in public service and would not be missed by the mega pay corporate executives.
What a loon. The Dept of Education should nothing more than a think tank. It should not be providing money to anyone. Fauxcahontas needs to go back to her teepee and keep quiet. She is not qualified to be a senator.
Exactly what makes her not qualified, no finance, banking, insurance background? No Pentagon, defense contracting experience? No big business outsourcing experience?
Good for Warren and great for the people of Massachusettes that had the smarts to put her in office...
Hey, quick question.....if the bank doesn't pay them back what happens?
Now if the kid can't pay them back what happens?
You don't see any potential downside to loosening up funds to students or making those funds more attractive? So many of the little idiots trotting off to 40k/year private colleges to major in "art", "english", "teaching".....let's make it easier for them to get non-dischargeable loans that will haunt them their whole life?
I'm not completely opposed, but I am alarmed at all the cheering without some quiet contemplation.
Got any kids headed off to college? I do....it's a sobering financial discussion you need to have with your kids.
I think higher education should be effectively free with the cost paid back by adding a permanent surcharge (say 15%) to the graduate's Income tax rate. This would make little difference to graduates working in public service and would not be missed by the mega pay corporate executives.
In other words, people in more difficult, more lucrative majors should pay more for thier education?
You want to start charging people different prices for things like milk and gas based upon their income too?
Why the heck would anyone want to go to college, bust their butt to become an engineer, doctor, mathematician when they are just going to get kneecapped on the back end?
You know what many of the best and the brightest in Cuba do right now? They drive cabs and work in foreign hotels. Pays about 10x more than being a doctor etc. Not exactly a great use of societal resources.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
