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Message
re: Simple Solution to Student Debt Crisis going forward
Posted on 6/24/19 at 2:00 pm to HempHead
Posted on 6/24/19 at 2:00 pm to HempHead
quote:
It will change only when it becomes a legitimate crisis, IMO
It will change slowly, as it already is, and likely as a result of some unforeseen/unknown at this time reasons. Universities are holdovers from a bygone era. They will fade away or adapt to the changing educational needs of today’s students. Govt trying to keep them afloat (through so many mechanisms) only prolongs this inevitabile outcome.
0
Posted on 6/24/19 at 2:01 pm to omegaman66
quote:
So? IDGAF if it is sustainable or not. Tough titty!
Are you not interested in a sustainable, stable society?
quote:
Govt trying to keep them afloat (through so many mechanisms) only prolongs this inevitabile outcome.
Absolutely agreed.
Also, repeal Griggs v Duke Power
This post was edited on 6/24/19 at 2:02 pm
Posted on 6/24/19 at 2:28 pm to RebelExpress38
Some thoughts...
1. Loans are based on the degree and the ability to likely earn enough to pay it back. Much like a house note, you can only be approved for so much.
2. No such thing as 100% loan. Even if it is 10%, you must get a job(even if part time) to pay your portion.
3. Set an across the board total that a person can borrow. Yeah, I know you want to go out of state to that private school, and you still can, but, here is the amount we will loan you so figure it out.
4. Schools must be tied to the payback performance of the students. If they are not producing graduates that are able to pay back the loans, then the amount of loans to that university will decrease.
Just a beginning...What else?
1. Loans are based on the degree and the ability to likely earn enough to pay it back. Much like a house note, you can only be approved for so much.
2. No such thing as 100% loan. Even if it is 10%, you must get a job(even if part time) to pay your portion.
3. Set an across the board total that a person can borrow. Yeah, I know you want to go out of state to that private school, and you still can, but, here is the amount we will loan you so figure it out.
4. Schools must be tied to the payback performance of the students. If they are not producing graduates that are able to pay back the loans, then the amount of loans to that university will decrease.
Just a beginning...What else?
Posted on 6/24/19 at 2:35 pm to deathvalleytiger10
quote:
Some thoughts... 1. Loans are based on the degree and the ability to likely earn enough to pay it back. Much like a house note, you can only be approved for so much. 2. No such thing as 100% loan. Even if it is 10%, you must get a job(even if part time) to pay your portion. 3. Set an across the board total that a person can borrow. Yeah, I know you want to go out of state to that private school, and you still can, but, here is the amount we will loan you so figure it out. 4. Schools must be tied to the payback performance of the students. If they are not producing graduates that are able to pay back the loans, then the amount of loans to that university will decrease. Just a beginning...What else?
Make the schools financially liable for loans not repaid since the school is the actual recipient of the money. Then they will no longer see students as money regardless of their ability to succeed.
Posted on 6/24/19 at 2:37 pm to Auburn1968
quote:
Make the schools financially liable for loans not repaid since the school is the actual recipient of the money. Then they will no longer see students as money regardless of their ability to succeed.
The student would have no reason to repay the loan if the school is liable.
Posted on 6/24/19 at 2:39 pm to deathvalleytiger10
quote:
The student would have no reason to repay the loan if the school is liable.
They would if there are established contracts that require an individual to pay either X over a period of years or Y% over Z years.
Posted on 6/24/19 at 2:40 pm to The Maj
quote:
Why don't you just make the bullshitee degrees ineligible for student loans?
Just take away the government guarantees and let banks decide what a white males are bad class is worth.
Posted on 6/24/19 at 2:42 pm to roadGator
I think a decent compromise would be to make all loan payments deductible regardless of income. Government set the rates, so they sort of have people coming and going.
Posted on 6/24/19 at 2:44 pm to HempHead
quote:
They would if there are established contracts that require an individual to pay either X over a period of years or Y% over Z years.
Now we have shifted the loan to the school. (i.e. the school is now the bank)
That would be interesting. I bet acceptance and admission rates change dramatically.
Oh, and the SJW's won't like that one bit.
This post was edited on 6/24/19 at 2:45 pm
Posted on 6/24/19 at 2:45 pm to HempHead
quote:
Simply allowing the current system to continue while saying, "but you agreed to it!!!" isn't going to solve a goddamn thing.
Correct.
Eliminating "we'll lend or give you government money" would solve it.
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