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System doesn’t work? Isn’t the point of student loans to provide access to higher education to those who cannot afford to pay out of pocket? The proliferation of student loans and the record number of kids attending higher ed institutions beg to differ with your claim.
Ask yourself why the costs of a college education has sky rocketed then think about it. Why in the world would costs go up when demand is way up? Ask yourself that and think about it.
A semester costs 3k, government will pay for it. Lets raise it to 3.5k. Guess what? Government still pays for it. There isn't little incentive to keep costs down when the seller knows they can increase the price with little to know downside.
Let me guess, everyone deserves a home too so lets by pass the free market and make it easier for them. How'd that work out?
Create system...
System doesn’t work...
Don't fix...
Blame who it affects...
What system doesn't work??
secondary schools (colleges and universities ) have been around since before this country was born (Harvard was established in 1636, Yale 1701, Princeton 1746, Columbia 1754)
secondary schools have always had a cost associated with them
Community colleges are very economical, especially in getting your core curriculum done before moving onto a 4 year college
most 4 year colleges are still reasonable in cost... and you can get multi 100's of grants, scholarships, and even work-studies
even if you cant find a grant or scholarship, there is still avenues to make this happen without a loan...many, many people work through college...ie attend college AND work
and another key...quit changing your major, like you change your underpants
but if you are going to take a LOAN...understand that is a LEGAL BINDING CONTRACT....and you should pay it back, and on time....(p.s. if you pay it sooner, less interest accrual
If you guys listened to the stories about people struggling to repay their loans, a big problem is the ursurious ass interest fees. On a education loan, there's no reason that the borrower should pay more than the loan amount in interest fees. Those fees dissuade the highest borrowers from even making nominal payments to their debt bc the interest raises the total balance due still higher.
There should be a cap on total interest paid. No borrower should have to pay more than $15,000 in fees.
And before you Conservatives go off on your anti-Liberal nonsense, think about what that cap means for the supply of loans. Most banks are going to weigh the value of the loan vs the cap, which will reduce the number of loan suppliers out there bc banks will be choosier about who they lend money too.
secondary schools (colleges and universities ) have been around since before this country was born (Harvard was established in 1636, Yale 1701, Princeton 1746, Columbia 1754)
secondary schools have always had a cost associated with them
Community colleges are very economical, especially in getting your core curriculum done before moving onto a 4 year college
most 4 year colleges are still reasonable in cost... and you can get multi 100's of grants, scholarships, and even work-studies
even if you cant find a grant or scholarship, there is still avenues to make this happen without a loan...many, many people work through college...ie attend college AND work
and another key...quit changing your major, like you change your underpants
but if you are going to take a LOAN...understand that is a LEGAL BINDING CONTRACT....and you should pay it back, and on time....(p.s. if you pay it sooner, less interest accrual
And since when did you need a secondary school education to be an administrative assistant?
And since when did you need a secondary school education to be an administrative assistant?
who says you do....
while some employers may "prefer" a degree.... an office manager/secretary/admin assistant just needs good organizational skills, and to be able to follow directions on how that office is run...… I could take a homeless guy in from the street and teach them to run an office.....
a lot of this has been pushed from liberals, who say you are not a professional if you don't have a degree
while some employers may "prefer" a degree.... an office manager/secretary/admin assistant just needs good organizational skills, and to be able to follow directions on how that office is run...… I could take a homeless guy in from the street and teach them to run an office.....
a lot of this has been pushed from liberals, who say you are not a professional if you don't have a degree
I know most of IT work doesn't even have relevant college work that would provide anyone a real leg up in the world I live in, at least not with anything current. And the funny thing is, most universities have abysmal IT for their organization.
But every salary exempt IT job out there demands a college degree. Makes no earthly sense to me.
Make student loans easily discharged with bankruptcy and cap what amount the feds will secure and I am sure banks will be more discerning in how much and to who they give out to.
Promote more trade or specific technical schools. I feel they are few and far between and it is skills that the economy still needs.
while some employers may "prefer" a degree.... an office manager/secretary/admin assistant just needs good organizational skills, and to be able to follow directions on how that office is run...… I could take a homeless guy in from the street and teach them to run an office.....
a lot of this has been pushed from liberals, who say you are not a professional if you don't have a degree
And you are not the giant swath of Baby Boomer hiring managers and business owners. They are obviously the ones making it mandatory to have a degree in order to get these entry level jobs.
The issue isn't govt or give backed-loans. It's that a college degree is required for most jobs if you want to have a white collar job.
Ask yourself why the costs of a college education has sky rocketed then think about it. Why in the world would costs go up when demand is way up? Ask yourself that and think about it.
A semester costs 3k, government will pay for it. Lets raise it to 3.5k. Guess what? Government still pays for it. There isn't little incentive to keep costs down when the seller knows they can increase the price with little to know downside.
Let me guess, everyone deserves a home too so lets by pass the free market and make it easier for them. How'd that work out?
If it’s just access to government loans, then why (as another poster astutely pointed out) have costs at private K-12 schools increased at the same rate despite zero government lending/funding/tax credit for tuition?
Well, what's the use in complaining about any spending then? Why not focus on the theft?
Is it because you then have to pick a side between pro-theft and anti-theft?
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