An idea to replace college financial aid

[RandomPoster]

The financial aid center at school should work like this. They help pay for college costs of students who need financial aid based on a risk vs. reward analysis. If he is not deemed a good investment, they don't invest. They look at the potential student's grades, test scores, major, etc. and asses his likely potential earnings. They then grant him financial aid based on an agreement that if he ever acquires money, he pays it back at that point based on his financial situation. If he doesn't make a certain amount of money, they never get paid back. Let's say he does get a good paying job. He starts making payments on the loan. He can pay it off early if he wants.

 

[Maxdeath]

The financial aid center at school should work like this. They help pay for college costs of students who need financial aid based on a risk vs. reward analysis. If he is not deemed a good investment, they don't invest. They look at the potential student's grades, test scores, major, etc. and asses his likely potential earnings. They then grant him financial aid based on an agreement that if he ever acquires money, he pays it back at that point based on his financial situation. If he doesn't make a certain amount of money, they never get paid back. Let's say he does get a good paying job. He starts making payments on the loan. He can pay it off early if he wants.

So does that mean that we only pay professors to teach if there are enough students that have been granted financial aid? What do they do if there is only one or two or none getting financial aide? How many dorm rooms do we keep open? Will they need one, two, three or more washers for laundry? How many meals?
Who pays the financial aid back if the student never pays? Does this arraignment work for all those taking things like degrees in old English literature or advanced basket weaving?

 

[RandomPoster]

The financial aid center at school should work like this. They help pay for college costs of students who need financial aid based on a risk vs. reward analysis. If he is not deemed a good investment, they don't invest. They look at the potential student's grades, test scores, major, etc. and asses his likely potential earnings. They then grant him financial aid based on an agreement that if he ever acquires money, he pays it back at that point based on his financial situation. If he doesn't make a certain amount of money, they never get paid back. Let's say he does get a good paying job. He starts making payments on the loan. He can pay it off early if he wants.

So does that mean that we only pay professors to teach if there are enough students that have been granted financial aid? What do they do if there is only one or two or none getting financial aide? How many dorm rooms do we keep open? Will they need one, two, three or more washers for laundry? How many meals?
Who pays the financial aid back if the student never pays? Does this arraignment work for all those taking things like degrees in old English literature or advanced basket weaving?

The instructor needs at least one student, combining those on financial aid with those paying cash. The number of meals and utilities is based on number of students in dorm. No one pays the money if the student doesn't pay it back. The ones who make money will pay theirs back and a bit more. That's why it's called risk vs. reward. They would look at the fact that you plan on studying Underwater Basket Weaving and say "Do that on your own dime you silly hippy.".

 

[Maxdeath]

The financial aid center at school should work like this. They help pay for college costs of students who need financial aid based on a risk vs. reward analysis. If he is not deemed a good investment, they don't invest. They look at the potential student's grades, test scores, major, etc. and asses his likely potential earnings. They then grant him financial aid based on an agreement that if he ever acquires money, he pays it back at that point based on his financial situation. If he doesn't make a certain amount of money, they never get paid back. Let's say he does get a good paying job. He starts making payments on the loan. He can pay it off early if he wants.

So does that mean that we only pay professors to teach if there are enough students that have been granted financial aid? What do they do if there is only one or two or none getting financial aide? How many dorm rooms do we keep open? Will they need one, two, three or more washers for laundry? How many meals?
Who pays the financial aid back if the student never pays? Does this arraignment work for all those taking things like degrees in old English literature or advanced basket weaving?

The instructor needs at least one student, combining those on financial aid with those paying cash. The number of meals and utilities is based on number of students in dorm. No one pays the money if the student doesn't pay it back. The ones who make money will pay theirs back and a bit more. That's why it's called risk vs. reward. They would look at the fact that you plan on studying Underwater Basket Weaving and say "Do that on your own dime you silly hippy.".

I see that you did not understand the simple idea of my whole post. You can not keep a university or college open if you do not have people paying. Professors do not nor will not teach for free. They have bills to pay just as everyone else. Heat, lights, food all are part of the cost. Administration and all that goes with it are a cost. If one student does not pay the cost has to go up so that it can be absorbed. Increase that by ten students and the costs to those that do pay goes up noticeably.

Nice fairy tale but not really based in economic reality.