LeftofLeft
Diamond Member
- Oct 18, 2011
- 26,192
- 16,611
- 1,405
Three 18- Year Olds taking steps towards education and training and need financial assistance:
Student A: enrolls in technical/trade school in a field that is in high demand and gets employed immediately. Total loan:$10k
Student B: gets into a mix of elite private colleges, out of state public universities, and the in-state university. Wants to major in a field for which there is high demand, Engineering. Realizing they don’t want to take on a big chunk of debt, chooses to go to Community College for two years then on to the State University. Gets a job upon graduation. Total loan: $60k.
Student C: bound and determined to go to one of many Elite Private Colleges. State Universities are “not as good”. This student has wealthy friends and sees them going to these private schools. Student chooses a 4 year private school three time zones away. Decides to major in a field for which there is little to no job market. Graduates with no job in the field. Can only get a job making $40k per year. Total loan: $250k.
If American taxpayers are going to be on the hook for college debt, can we at least agree to limit to Students A and B? Student C is entitled, no plan, the biggest drain on the system.
There needs to be controls moving forward to eliminate the Student C Scenarios.
Student A: enrolls in technical/trade school in a field that is in high demand and gets employed immediately. Total loan:$10k
Student B: gets into a mix of elite private colleges, out of state public universities, and the in-state university. Wants to major in a field for which there is high demand, Engineering. Realizing they don’t want to take on a big chunk of debt, chooses to go to Community College for two years then on to the State University. Gets a job upon graduation. Total loan: $60k.
Student C: bound and determined to go to one of many Elite Private Colleges. State Universities are “not as good”. This student has wealthy friends and sees them going to these private schools. Student chooses a 4 year private school three time zones away. Decides to major in a field for which there is little to no job market. Graduates with no job in the field. Can only get a job making $40k per year. Total loan: $250k.
If American taxpayers are going to be on the hook for college debt, can we at least agree to limit to Students A and B? Student C is entitled, no plan, the biggest drain on the system.
There needs to be controls moving forward to eliminate the Student C Scenarios.