College Loans...Who should be the Lender?

Discussion in 'Education' started by DGS49, Aug 26, 2018.

  1. DGS49
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    DGS49 Gold Member

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    Why is it that colleges and universities are getting off the hook on student loans?

    They are taking a king's ransom in tuition and fees, turning out superannuated adolescents who can't get or hold a decent job, and are completely out of the conversation about the student loan crisis.

    THEY are the main culprit in the student loan crisis. If they would confine themselves to EDUCATION, stop accepting unprepared students, cut the waste, and shorten the degree period from 4+ years to three, everyone would be in much better shape.

    Do we really need a Vice Provost for Diversity and Inclusion? Do we need a hundred courses containing the word "studies" or "methods"? Do they need 50 NCAA "sports," most of which provide scholarships, and all of which, collectively, lose money for the institution? Do they need professors who teach, maybe, 6 hours a week on a full-time salary? Do they need a 500,000square foot student union? You get the idea.

    College tuitions and enrollments could be cut by half and the society would be better for it.

    But wouldn't it be nice if the colleges were forced to either provide funding for student loans, or assume a recourse obligation when they default? Maybe not 100%, but a substantial stake.
     
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  2. william the wie
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    william the wie Gold Member

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    How about the payments on the debt be equal to 10% of pretax income by the graduates?
     
  3. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Free online courses
     
  4. WillowTree
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    WillowTree Diamond Member

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    Obama and the democrats! What a legacy!
     
  5. candycorn
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    candycorn Alis volat propriis

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    There is zero need for college athletics, or high school athletics.
     
  6. rightwinger
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    rightwinger Award Winning USMB Paid Messageboard Poster Gold Supporting Member Supporting Member

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    I think employers should pay for college

    They benefit the most off of it
     
  7. candycorn
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    candycorn Alis volat propriis

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    As for the curriculum; you should be able to study almost anything you want. If the sole determination of the value of a course is some monetary compensation you derive down the road...the society would be poorer for it. There is more to life than just commerce. Now, that being said, if you take out loans to study 14th century music; don't be surprised when you can't find a job at it and your loans are due. That is an easy line to draw. What is more fuzzy is this; lets say you're studying rocket science. And the day you graduate; the President announces that NASA will no longer be funded. Suddenly, your job prospects are dim. Is that your fault? I don't think it is. I think that if the States are going to give out loans under the current system the recipients should be required to attend State colleges and universities. You're sort of funding your own colleges that way.

    A winning position would be to set up the higher education system (or part of it) like we did social security to where you get it for free (or close to it) and you pay for it with your future earnings. So you want to become a welder or mechanic or study that 14th century music. You get 60 hours for free. You learn your courses and when you start working; you pay it off over your wage-earning career. Whether or not you become a welder, mechanic or whatever a 14th century musician does doesn't matter. If you deliver pizza; the re-payment comes out of it.

    Just one idea.
     
  8. Admiral Rockwell Tory
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    Admiral Rockwell Tory Gold Member

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    Since most athletic programs pay for themselves or make money for the school, why do you care?
     
  9. candycorn
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    candycorn Alis volat propriis

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    Totally false.
     
  10. Admiral Rockwell Tory
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    Admiral Rockwell Tory Gold Member

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    Then they should pay for themselves. Every school I have ever been associated with spent zero tuition dollars on athletics.
     

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