beni hanna wrote:
Boilermaker Rick wrote:
...Instead, you have people worried as much about student loan forgiveness as that and it fails.
And now for something completely different.
The Student Loan stuff is actually kind of real. But for all of the wrong reasons. There is a predatory aspect to many student loans. Not the standard loans, but to secondary schooling more specifically. The other aspect of the whole concept of "higher learning" is how incredibly expensive it has become. I would be real curious to see someone take a closer look at how tuition, gifted monies, government (state/national) monies are spent today at larger public and private schools and see if it makes sense. Seems maybe the value could be a little out of whack. Of course, it is hard to factor in what a degree from notable schools can give a student, but is that something that a student should be paying for?
Back to my hole.
I agree with you, but I think reform needs to be done going forward. Would you give someone $100k over 5 years if they didn't have a job for anything else? Of course not, but student loans do precisely that. I'd like to see a cap made on them where no person can have over $10k of loan debt added every year outside of a mortgage factoring in income. I don't know the exact way to do it but there has to be a way. The whole loan industry does that stuff all the time.
This would:
1) Lower tuition cost for all as there would be a fight for those dollars
2) Cut down on the number of colleges that have shown up to take advantage of how much money is there
3) Force students to make budget conscious decisions on college.
4) Stop people from going to college that probably shouldn't.
5) Increase eduction "innovation" like the startup companies looking to be more "training" than college.
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