| Author |
Topic:
Student Loan Bubble [Locked] |
Cawlin  Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
Yukishiro1 posted:
Cawlin posted:
Honestly, I think that the kid's parents probably taught him some valuable lessons about taking classes that were a) worthwhile, and b) applying himself so as to get the most out of his education dollars.
With that said, I think it would be better perhaps to let the kid take the loans out themselves under the premise that they're on their own for getting their college education financed, and then help them pay them off afterward. As much as you hate the concept of attempting to make people, especially young adults be responsible for themselves, I know this rankles you to think about, but I don't really think parents should feel obligated to pay for their kids to get a degree Indo-Eurasian Orphan Poetry Analysis...
No. All his parents did was make sure he'll be shackled to debt at highish interest rates for most of the rest of his life. At least until they die and he gets their money and can use that to pay off his debts. Which at 6% interest will end up costing the family at least 2x as much in the long run.
The funny thing is both of them got their college educations paid by their well-off parents. They are just assholes who think like you do that it "builds character" to screw over their kid. People who talk about "building character" as a justification for screwing people over are nearly always lacking in the character department themselves.
These people are such douches they wouldn't even lend their kid the money themselves to avoid the 8% interest. Even though they have plenty of it lying around.
I will agree that if what you said is true, they are douches.
With that said though, I don't know how wealthy you'd have to be to be willing to pay $100k to $200k for your kid to get a dead-end degree and sleep through their classes because they were up all night drinking like fishes and fcuking everything that they could at an expensive school when they can do that for $150/credit hour at the local community college...
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Bowlartz  Title: Offical VN Tin Foil Hat Supplier
Posts: 221
Registered: 2006-1-4 19:59:15
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
There should be massive restrictions in place with government insured or backed loans. Just because you get into Harvard doesn't mean the government has to subsidize the madness of you racking up 150K in debt.
There should be a maximum per credit hour cap on student loans. For example you can get a max of $750 per credit hour...if you want to go somewhere that charges more you either pay for it directly, get a traditional non-government backed private loan, pay out of pocket or go somewhere cheaper like a community college.
It would reign in the rampant hyper-inflation of education costs due to schools knowing there is an everlasting faucet of cash. The education lobby would likely team up with lenders to scream bloody murder, spending 100s of millions (of student loan funded dollars) to stop any such reforms.
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-Espiritu-  Posts: 269
Registered: 2004-11-29 18:27:00
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
If these institutions charging ridiculous tuition prices are really worth it, why don't they step up to the plate and subsidize the students themselves. If the education these students receive is really worth what they are charging, then they should have no problem collecting their principle + interest from these students once they start earning.
Of course there would be far less money for Womens Studies and Reproductive Advocacy degrees.
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
if RWN's ruled the education system the world would be so boring it wouldn't be worth living in. ironically, they'd be all for soviet style forcing of people to get a specific degree because it's "useful" as opposed to offering any sort of choice.
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Ashmaele Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
Bowlartz posted:
There should be massive restrictions in place with government insured or backed loans. Just because you get into Harvard doesn't mean the government has to subsidize the madness of you racking up 150K in debt.
Harvard grads aren't the ones defaulting on their loans. It's the DeVry and University of Online University College grads who are the problem borrowers.
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Yukishiro1 Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
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^^ That. Bonzo is a poster child for RWN ignorance about education. How on earth have we reached a place where it seems to be part of general right-wing accepted knowledge that going to Harvard is a bad idea and people shouldn't be able to do it unless they're rich?
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GrilledCheez Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
social engineering needs to be thought out better. I am generally supportive of student loans and everyone going to college, but it didn't fit our employment or education model very well. I said this when Clinton enacted all his reforms around it.
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Friarspam  Posts: 638
Registered: 2007-1-23 07:01:27
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
Yukishiro1 posted:
Cawlin posted:
Honestly, I think that the kid's parents probably taught him some valuable lessons about taking classes that were a) worthwhile, and b) applying himself so as to get the most out of his education dollars.
With that said, I think it would be better perhaps to let the kid take the loans out themselves under the premise that they're on their own for getting their college education financed, and then help them pay them off afterward. As much as you hate the concept of attempting to make people, especially young adults be responsible for themselves, I know this rankles you to think about, but I don't really think parents should feel obligated to pay for their kids to get a degree Indo-Eurasian Orphan Poetry Analysis...
No. All his parents did was make sure he'll be shackled to debt at highish interest rates for most of the rest of his life. At least until they die and he gets their money and can use that to pay off his debts. Which at 6% interest will end up costing the family at least 2x as much in the long run.
The funny thing is both of them got their college educations paid by their well-off parents. They are just assholes who think like you do that it "builds character" to screw over their kid. People who talk about "building character" as a justification for screwing people over are nearly always lacking in the character department themselves.
These people are such douches they wouldn't even lend their kid the money themselves to avoid the 8% interest. Even though they have plenty of it lying around.
I guess since it's THEIR money what they do with it is not your business or your friends, huh?
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Abaddon_Ambrosius Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
Yukishiro1 posted:
^^ That. Bonzo is a poster child for RWN ignorance about education. How on earth have we reached a place where it seems to be part of general right-wing accepted knowledge that going to Harvard is a bad idea and people shouldn't be able to do it unless they're rich?
Right about the time soft sciences and their proponents became more and more affiliated with one political party and therefore suspect as means to an end, rather than actual unbiased sciences.
Therefore raising the question, "why are we paying to create biased ammunition via subsidies"?
Critical Race Theory is one that comes to mind...
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Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
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Date Posted:
1/1/00 12:00am
Subject:
Student Loan Bubble |
Bowlartz posted:
There should be massive restrictions in place with government insured or backed loans. Just because you get into Harvard doesn't mean the government has to subsidize the madness of you racking up 150K in debt.
There should be a maximum per credit hour cap on student loans. For example you can get a max of $750 per credit hour...if you want to go somewhere that charges more you either pay for it directly, get a traditional non-government backed private loan, pay out of pocket or go somewhere cheaper like a community college.
It would reign in the rampant hyper-inflation of education costs due to schools knowing there is an everlasting faucet of cash. The education lobby would likely team up with lenders to scream bloody murder, spending 100s of millions (of student loan funded dollars) to stop any such reforms.
The problem with this sort of thinking is that, as mentioned in the thread last week, the really good schools like Harvard don't let a qualified student not attend just because they can't afford it. The endowments for places like Harvard are so huge that the students are limited with respect to what they are charged based on their parents' income - and in one case I am sure of due to a coworker recently discussing it with me, will not charge the student more than 10% of their parents' income per year of school. Now of course that means that those who CAN pay, must pay more than those who cannot pay, but that's the model they're using.
The colleges that are really taking advantage of the system are the so-called "second tier" private schools - with the first tier being the Ivy League caliber schools.
With that said though, yes it honestly makes no sense to subsidize dead-end degrees. If we want to adopt all sorts of social programs like socialized healthcare and then go forward with the concept of limiting individuals' participation in so-called "unhealthy" behavior under the premise that they have no risk "wasting" public money that way, the same logic should be applied to education subsidies... of course that's an ideological catch-22, which is why the argument against it quickly gets deflected into a morass of rich vs. poor entitlement/social engineering/man keeping you down nonsense.
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If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
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