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That is true. The student should not have enrolled and agreed to pay the tuition if they not have housing secured. Unless the school did promise some housing to the students, but failed in fulfilling that promise to them.
UC Santa Cruz is probably just as bad. I've known multiple people who went there, including relatives, and the housing situation there is just broken. UC Santa Barbara is another example, but I think the housing situation there is better than Santa Cruz. In both cases the location sucks.
They build these schools between the ocean and the Coastal Range and expect there won't be a problem? In many cases, there's very little useable land between the ocean and the mountains.
But Humboldt State is in a league all its own. Just insanity. Another runner up is the new CSU Monterey Bay. In the middle of a sand dune, surrounded by expensive homes. Hell, they could have refurbished the old Fort Ord barracks and put the kids there until they built more dorms.
A State U never should have been so unaffordable for most anyone in the state. Because its a "State U".
Is that a joke? It costs public K-12 school districts over $13,000/year to educate each student (national average) and that doesn't even include room and board. Most state universities' tuition is MUCH less than that, AND our public K-12 school system is an abject failure at delivering a 12th grade-level education - just look at the most recent OECD PIAAC results.
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"According to new Annual Survey of School System Finances tables, released today by the U.S. Census Bureau, per pupil spending for elementary and secondary public education (pre-K through 12th grade) for all 50 states and the District of Columbia increased by 5.0% to $13,187 per pupil during the 2019 fiscal year, compared to $12,559 per pupil in 2018."
Here's an eye-opening stat... 57% of those with student loan debt never completed a degree. 57%. Clearly, student loans shouldn't be handed out like candy (reminiscent of how Fannie Mae mortgages were given out to any breathing person before the 2008 financial crisis, regardless of their credit risk or ability to make payments), but then there will be the inevitable cries of "racism!"
Here's an eye-opening stat... 57% of those with student loan debt never completed a degree. 57%. Clearly, student loans shouldn't be handed out like candy (reminiscent of how Fannie Mae mortgages were given out to any breathing person before the 2008 financial crisis, regardless of their credit risk or ability to make payments), but then there will be the inevitable cries of "racism!"
This whole thread is a huge argument for DRASTICALLY changing how post secondary education works. The big one is making the county college the source of most degrees and trades training. Most kids reasonably get along with their parents and can deal with another 2 or 4 years past high school.
Is that a joke? It costs public K-12 school districts over $13,000/year to educate each student (national average) and that doesn't even include room and board. Most state universities' tuition is MUCH less than that, AND our public K-12 school system is an abject failure at delivering a 12th grade-level education - just look at the most recent OECD PIAAC results.
And its overpriced too. K-12 is crap anyways. Its just babysitting. The parents dont want to deal with the kids, for most of the day, so they can go work.
I have yelled at my HS teachers, and told them to their faces, they are a drain on taxpayers.
All this talk of student loan and I wonder if there are any stats of the amt. of loans issued each year, the amt. of loans defaulted on over the years,% of loans defaulted, payments not made...average pay off, etc.
We make whole lot of assumptions who is paying and who isn't is based on feelings...and we really don't know what the costs are right now.
96% of ALL student loans are government loans
its a government loan...the governments Stafford loan ...the government is the one setting the HIGH interest rates
and even with this illegal EO, all it does is knock 10k off of the individuals $??,000 debt to the government
and I bet the individual still gets an IRS refund for a couple of k each year..but still fails to pay off his/her student debt TO THE GOVERNMENT
the blame goes to the government...and to the individual for stupidly taking out a loan with that high of interest
and as to the illegal EO by Biduh
was there a change in to constitution in the last year???
from a little over a year ago (28 July 2021)
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“People think that the President of the United States has the power for debt forgiveness,” she said. “He does not. He can postpone, he can delay, but he does not have that power/authority.” Pelosi argued that student loan forgiveness can only be accomplished through “an act of Congress.”
Pelosi is the" speaker of the house"...if effect "the speaker of the people" and a year ago she specifically said "student loan forgiveness can only be accomplished through “an act of Congress.” that the POTUS can postpone, he can delay, but he does not have the power/authority of debt forgiveness .
plus the people wont be very happy once they find out that a debt "forgiveness", sends their credit rating to the toilet, because they have REFUSED to make a single payment in the last 30+ months
How the federal government can break this vicious cycle of student debt:
- give employers incentives for removing requirement for having college degrees with tax incentives
- stop granting student loans to a majority of students who plan to attend sub standard schools with no future
Right now they are doing the exact opposite and will just ensure more and more future student debt. There is a whole industry of useless degree programs out there feeding off the government's lenient student loan policy. It's like the housing bubble but worse because it's never popped.
So you would make the same statement over going bankrupt for things like Credit Card Debt, Home Loans, Car Loans and the biggie Medical Debt. i.e. we should allow no bankruptcy of any kind or debt forgiveness of any kind. Let them get a "second job" or do without.
Now dont get me wrong I am against the type of student loan bailouts that are happening but these type of loans should be on the same playing ground as anything else. Allow Bankruptcy if necessary and change the system itself where you have to qualify for the loan and it's not a "guarantee"
Then set it up like a BK, not a handout with zero repercussions. While some of these figures that individuals owe are staggering, unfortunately they signed up for it. Personal responsibility is key.
I was once $40k in CC debt, with a boat payment, house payment, truck payment, etc...at the age of 25. I paid all of it off with zero help, it did take many years though. I never considered bankruptcy as an option.
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