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Thread: Student Loans: Trump wants colleges to have skin in student loan debt game

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by Chomsky View Post
    I think it's a great idea.

    Look, I'd like everyone to have an education, but not everyone is ready or qualified for higher education. It's not for everyone, simply because they've reached the age of majority.

    But to that end, I'd really like to provide up to 2 years of publicly funded Community College. Let the trades kids get moving on a trade or business, and let the college bound only have to figure out how to pay for two years at the university, while being better prepared to succeed once they get there.
    We are doing that here in California in our Community Colleges (AKA Jr. College), in various parts of the state, Sacramento included. But I guess there is a student loan hiding there somewhere...
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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    The guaranteed government student loan process is a scam. The only people that get hurt are the students who get saddled with a mountain of debt, a waste of 4-6 years of their lives, and a degree (if they are lucky) they cant use.

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by Carjosse View Post
    Maybe give the students loans then they get X% forgiven depending on their final GPA when completing the program? However grade inflation would be a huge issue.

    For example, just make the schools guarantee 25% of the principal.

    We have students graduating with degrees in "underwater basket weaving" and a 150K student loan burden.
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    When China controls the Panama Canal, they control half of the USA, too.
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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by Carjosse View Post
    Letting private schools have access to public funds and not controlling cost and quality of public ones. Public universities should have capped tuition with the state picking up the rest of the cost and offering as many grants as possible to help lower income or well performing students, not loans, grants. Have one federal cap for out-of-state students at public universities as well and assist states with funds for improvement and providing grants to students. Almost all states have this already, but the quality of in-state schools needs to be drastically improved for many states.

    Make students attending private schools ineligible for loans and grants from or subsidized by the government. Make public institutions a much better option and cut off the hand inflating costs at private institutions.
    Ahhh, that doesn't seem to solve the issue either.... all you are doing is distributing the cost elsewhere... not lowering the cost. Tuition for universities used to cost significantly less, and I don't think you are addressing WHY....

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by VanceMack View Post
    The guaranteed government student loan process is a scam. The only people that get hurt are the students who get saddled with a mountain of debt, a waste of 4-6 years of their lives, and a degree (if they are lucky) they cant use.
    So true, and so sad. It is a giant scam. Based on the myth that a college degree increases your earning potential and makes you middle class. NO. Being middle class (or higher) increases your earning potential and makes you more likely to have a college degree (reverse causality).

    It's similar to the real estate scam that caused the financial collapse. Owning a home makes you middle class. NO. Being middle class makes you more able to own a home.

    Anyway, thank you Trump for having some common sense. How come our brilliant law professor president never thought of anything like this?

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by celticwar17 View Post
    Ahhh, that doesn't seem to solve the issue either.... all you are doing is distributing the cost elsewhere... not lowering the cost. Tuition for universities used to cost significantly less, and I don't think you are addressing WHY....
    Maybe the student loan scam caused tuition to rise. The colleges were getting millions of students who were paying 100%, thanks to the loans. No reason not to raise tuition, since the students had loans and therefore would and could pay any price.

    A really well designed scam. I wonder if the universities somehow influenced the government to provide them this golden opportunity to scam students.

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by chuckiechan View Post
    We are doing that here in California in our Community Colleges (AKA Jr. College), in various parts of the state, Sacramento included. But I guess there is a student loan hiding there somewhere...
    Publicly financed community college is such a no brainer, I'm at a loss to understand why it's not implemented.

    I'm a huge fan of community colleges. They might not be for everybody, but the are the right fit for many. They're local, small, easy to navigate, and a helluva' good value!
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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by Chomsky View Post
    Publicly financed community college is such a no brainer, I'm at a loss to understand why it's not implemented.

    I'm a huge fan of community colleges. They might not be for everybody, but the are the right fit for many. They're local, small, easy to navigate, and a helluva' good value!
    Not “Free” per se, but better than nothing.
    Tuition, net price and cost to go Sacramento City College
    New York wants to hear the baby cry when they abort it!
    Jussie Smollet: First American to scam Nigerians!
    When China controls the Panama Canal, they control half of the USA, too.
    Racism is not being able to read racist rap lyrics out loud because you are white.

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by Good4Nothin View Post
    So true, and so sad. It is a giant scam. Based on the myth that a college degree increases your earning potential and makes you middle class. NO. Being middle class (or higher) increases your earning potential and makes you more likely to have a college degree (reverse causality).

    It's similar to the real estate scam that caused the financial collapse. Owning a home makes you middle class. NO. Being middle class makes you more able to own a home.

    Anyway, thank you Trump for having some common sense. How come our brilliant law professor president never thought of anything like this?
    College is NOT a bad thing. People that have the aptitude and a desire for college should go and seek degree fields they can be successful...and theres lots of them. And hey...if anyone has the means and wants to pay out of pocket for a 6 years at a liberal arts school or to graduate with a worthless degree...more power to them. But hiding out for 4-6 racking up debt you will never be able to repay...that doesnt make much sense. Better to find a technical academy that teaches a working skill.

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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    Quote Originally Posted by chuckiechan View Post
    Not “Free” per se, but better than nothing.
    Tuition, net price and cost to go Sacramento City College
    Actually it is "free"; "Tuition free".

    It's exactly what I envisioned: free tuition

    I don't see kids living on campus for community college. I find that pretty ridiculous. Community colleges usually draw from the community, i.e. the name "community college".

    I'm probably O.K. with the kids paying for things like books or tools, since they keep those. I'd probably instate some type of assistance for those, like an advantageous loan.

    As to the "other" housing expenses on that sheet, forget about it; those are the expenses they or their parents are picking-up when they live at home. I envision this as a local-in-district thing.
    "When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

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