who here can offer ideas to break the essentially broken student loan program in the u.s?
Second bachelor's, perpetual graduate programs, etc.
Feasibility studies on housing, food, minimal income offered in exchange for lifelong academia are welcomed.
Offer ideas to break the privatized loan industry, etc.
"For example, due to formula to qualify, the vast majority of students with debts exceeding $100,000 will qualify even if earning at or near the median salary, thus they have no incentive to borrow (((responsibly))). Historically, a number of IBR programs have collapsed because of these problems"
dont go to college you entitled losers
join the workforce like everyone else if you cant afford college
sick of all these millennial losers, no wonder they're all in debt, poor, and working at taco bell for minimum wage
Whats happens if you dont pay it back? Or something like 20$ a month forever?
10 years forgiven if working in public sector
25 years as a generalization.
quick numbers here....
grad program - no real limits
100k+ taken a year in private student loans with a capped income under 30k a year....quickly adds up.
80% of US population with less than 500 dollars in savings.
real incentive there "workforcers"
Just make it fully dischargable in bankruptcy, don't guarantee any future loans, securitize the existing loans sell them (this will likely get you 70-80% of the guarantee obligation), invest that money in public works projects that will employ enough people to yield tax revenue sufficient to make up the other 20%.
In other words. Let the free market fix it and leverage the public sector to recover the losses.
Most people are severely uninformed when it comes to college and just go into it blindly because that's what they think they're just supposed to do. After all, that's how grades k-12 were! People are misguided by the media, parents, and of course, the colleges themselves about what it means to attend such an institution. College is about becoming professionally certified for career opportunities. If you think it's about education or "finding yourself", you are in for a world of pain once you graduate.
>taking loans to learn about marxism, feminism and transgender rights
serves you right with the absolute state american ((college)) is in
A family medicine practitioner whose loans have skyrocketed from $222,000 borrowed to $933,000 now owed. She practiced for five years and then left medicine to become a stay at home mother who later went back into medicine, but not for money – she’s a medical missionary who works in impoverished areas.
tuition.io
make receipt of a student loan (re: signing the loan means agreement) conditional to mandatory military service if, upon completion of school, recipient either:
a) becomes delinquent on payments
b) voluntarily opts to not pay in favor of the above service
make no mistake, this should be more along the lines of enforced labor doing the sort of no-skill work illegals currently run all over (e.g. fruit picking). Kinda gets rid of the beaners too, at least some of them.
Call it 5 years doing that, or 10 years public service (with applicable, useful degree *and* good grades... woman's studies need not apply) -- like this user says Either that or do the military service first and not have to worry about picking fruit in 100 degree heat with smelly mexicans
No one would ever go for that kind of a deal, but just having that system would cut out a great deal of dead weight from universities
this
>Get told in Highschool how much college costs.
>Get told while applying how much it will cost.
>Get told while signing paperwork to go into debt that you must pay back how much it will cost plus how much interest it will cost.
>NAH ITS GOOD! SOMEBODY ELSE WILL PAY IT OFF!!!
Financial responsibility, if they cant tackle that, why would anybody want to hire them.
>Highschool graduate.
>Goes directly into the work force.
>Has a home by 25 or 30.
>College student still bitching about debt at 50 cause stupid.
>Posts picture of woman who went in debt 20grand at 20 and was nearing her 50's with 79 grand in debt cause she hadnt payed back the loans and garnered nothing but interest.
End federal subsidization of the loan industry - banks will have to shift to a more selective, merit-based loan selection system.
conservashits don't want an educated population capable of critical thinking.
they want obedient workers.
smart enough to do slave wage labor, but not too smart to realize how badly they getting fucked over by the system.
Don't be stupid.
Here's how to graduate with less than $10k in debt.
>Took a bunch of fucking AP classes
>Took advantage of my Highschools "Early Start" program and went to community college junior and senior year
>Took ever class I could at community college that I could
>Went to my states flagship school for a year and half
>Lived at home
BOOM graduated with a job 70k starting.
Now I make 120k per year.
All of this is possible because I'm simply not stupid.
don't get loans for stupid degrees you don't have a plan on monetizing
so she was a moron? why did they let her reproduce
>first take baby from such low IQ individual
Very simple - STOP GIVING OUT FUCKING LOANS.
You are not on Earth to pursue your dreams unless you can make your dreams profitable. We didn't have this problem when loans were given sparingly and 18-year-olds were told "No, you can't go into debt for that field because our underwriters say it has no growth potential." Can't legally drink but can legally go $100K into debt on a whim. Stupid.
On the flip side:
Trade school grads earn more lifetime net $ than non-TEM (no S) graduates. So, unless you're nuts about TEM (and you'll probably be able to get a loan for that) and you're not super-passionate about anything but just want a lucrative job - go to fucking trade school.
CNC operator - less than 1 year certification, many schools boast a 100% graduate-to-job ratio. Been in demand for 20 years and demand is still growing.
Plumber, CNC programmer, dental hygenist, whatever the fuck.
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The only thing broken about the student loan program is the students, and that's because they're told their whole lives "zomg you gotta go to college". So they go, and study 14th century Chinese poetry, and end up with a shitty office job somewhere making a little more $ than the CNC operator, but the operator has zero debt and has already been in the workforce for 3 years, and the liberal arts grads will never catch him for net earnings.
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What's broken is the idea that you need college. You don't. Go to a tech/trade school and earn some $. Go to college if you need to.
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Thank god I was so terrified of debt that I served so I wouldn't have to pay for uni. Haven't used my degree for a day since anyway.
It's not a problem.
They will make a good slave class for the people who aren't retards. They will serve us. It'll be fun.
If they act up they'll get a cop knee in their back and a cell with Bubba.
all is simple - do not take LOANS lol