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

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

    Trump wants colleges to have ‘skin’ in student loan debt game | Fox Business

    The Trump administration, seeking to tackle the mounting student loan debt Opens a New Window. issue, is weighing the possibility of requiring colleges Opens a New Window. to share some of the financial burden.

    Officials outlined a proposal to require colleges that accept taxpayer funds to have skin in the game through a loan risk-sharing program, released on Monday.

    Students are required to pay back their loans regardless of the quality of education received, which may directly affect their ability to fulfill obligations as a borrower. Unfulfilled obligations bear no consequence on the college.

    A better system would require postsecondary institutions accepting taxpayer funds to share a portion of the financial responsibility associated with student loans, the document read, adding the administration planned to work with Congress on the issue.
    The idea here is that colleges are creating majors that create little or no employment income. But if you look at any college campus, there is loads of construction going on. Too many students are gong to college, and the college is trading loans for useless degrees and the taxpayers are stuck with the bill. Trump's idea is to have them partly responsible for the debt. The idea is that they will be more cognizant of the ability to earn a living and pay back the debt, rather than use these loans to buff up the construction budget.

    Each time the loan cap is raises, tuition goes up. I wonder why.
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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
    Trump wants colleges to have ‘skin’ in student loan debt game | Fox Business



    The idea here is that colleges are creating majors that create little or no employment income. But if you look at any college campus, there is loads of construction going on. Too many students are gong to college, and the college is trading loans for useless degrees and the taxpayers are stuck with the bill. Trump's idea is to have them partly responsible for the debt. The idea is that they will be more cognizant of the ability to earn a living and pay back the debt, rather than use these loans to buff up the construction budget.

    Each time the loan cap is raises, tuition goes up. I wonder why.
    I think this is more tackling the symptoms rather the problem. It doesn't solve the cost problem in the first place.
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    Re: Student Loans: Trump wants colleges to have skin in student loan debt game

    I suppose the fix I'd prefer is to create a financial incentive (to the school) tied to the number of graduates in STEM or other needed studies. Give them a reason and they'll find a way to produce them.

    Or I suppose an incentive to the students would be alright, except that it should be tied to completing the program, not just attending.

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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
    I think this is more tackling the symptoms rather the problem. It doesn't solve the cost problem in the first place.
    What do you think is the cause of the inflated university cost?

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

    Quote Originally Posted by WillyPete View Post
    I suppose the fix I'd prefer is to create a financial incentive (to the school) tied to the number of graduates in STEM or other needed studies. Give them a reason and they'll find a way to produce them.

    Or I suppose an incentive to the students would be alright, except that it should be tied to completing the program, not just attending.
    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.
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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
    What do you think is the cause of the inflated university cost?
    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.
    Last edited by Carjosse; 03-14-19 at 11:48 AM.
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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
    Trump wants colleges to have ‘skin’ in student loan debt game | Fox Business



    The idea here is that colleges are creating majors that create little or no employment income. But if you look at any college campus, there is loads of construction going on. Too many students are gong to college, and the college is trading loans for useless degrees and the taxpayers are stuck with the bill. Trump's idea is to have them partly responsible for the debt. The idea is that they will be more cognizant of the ability to earn a living and pay back the debt, rather than use these loans to buff up the construction budget.

    Each time the loan cap is raises, tuition goes up. I wonder why.
    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.
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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
    Each time the loan cap is raises, tuition goes up. I wonder why.
    We don't want students getting 3.5 year non degrees. So when it's decided to raise tuition, loans get out in front of it. College loans are not as much based on dollars as credits.

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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
    Trump wants colleges to have ‘skin’ in student loan debt game | Fox Business



    The idea here is that colleges are creating majors that create little or no employment income. But if you look at any college campus, there is loads of construction going on. Too many students are gong to college, and the college is trading loans for useless degrees and the taxpayers are stuck with the bill. Trump's idea is to have them partly responsible for the debt. The idea is that they will be more cognizant of the ability to earn a living and pay back the debt, rather than use these loans to buff up the construction budget.

    Each time the loan cap is raises, tuition goes up. I wonder why.
    Great idea....
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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
    I think this is more tackling the symptoms rather the problem. It doesn't solve the cost problem in the first place.
    Yeah; crap like paying Fauxcahontas $300,000+ for a SINGLE COURSE has got to stop.
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