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A comment on More Than 40% of Student Borrowers Aren’t Making Payments.

Re:More Than 40% of Student Borrowers Aren’t Making Payments by codeulike on Wednesday April 06, 2016 @06:16PM (#11442616)
Thats how its supposed to work, in the UK at least. Student Loans are like a distributed tax that only gets paid by the grads who earn enough to repay.

edit: Also, in the UK, once you do earn enough, payment is automatic via deductions from payslips.

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Re:More Than 40% of Student Borrowers Aren’t Making Payments by gozur88 on Wednesday April 06, 2016 @06:26PM (#11442709)
That's a terrible system, IMO. Why should we be rewarding B-Ark people while at the same time punishing people who get degrees in Engineering and Medicine? I can understand the logic for tax-supported universities (not necessarily agree, but understand), but this just seems... intellectually dysgenic.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by codeulike on Wednesday April 06, 2016 @06:38PM (#11442816)
Because perhaps there's a view that its worth something to society for people to study things that dont necessarily lead to a high salary?
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by gozur88 on Wednesday April 06, 2016 @06:53PM (#11442946)
I can't think of anything that would be as valuable to society as engineering or medicine, say, and still wouldn't land you a remunerative position.

Anyway, that's an argument for taxpayer-supported universities, not for universities paid for by the students who choose to learn skills other people will find useful.

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Re:More Than 40% of Student Borrowers Aren’t Making Payments by hohod on Wednesday April 06, 2016 @06:36PM (#11442793)
The same way you tax more people earning more money ?
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by nness on Wednesday April 06, 2016 @06:40PM (#11442839)
Punishing,really? It's not an unfair burden for those people and hardly be unsurprisingly for them.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by Symbiote on Wednesday April 06, 2016 @06:50PM (#11442929)
The threshold for payment is quite low, around £20000 pretty year in salary before tax. I'd expect most people to make some payments, although compared to an engineer the artist might take a few extra years to reach the minimum salary.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by huherto on Wednesday April 06, 2016 @08:14PM (#11443519)
At least the lender can make extra considerations. Career choice, academic history, etc. Better than lending any amount to anyone and still have a guaranteed payment.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by sh1ps on Wednesday April 06, 2016 @06:21PM (#11442662)
The article talks about many grads who could repay, but simply don't for whatever reason.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by TearsInTheRain on Wednesday April 06, 2016 @06:28PM (#11442727)
That is because they have other debt they are prioritizing over their student loans
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by mmcclure on Wednesday April 06, 2016 @06:31PM (#11442748)
Right, but just because they're taking on new debt that they're prioritizing over old debt doesn't mean that they weren't financially able to pay back the original debt.

The important piece there is that the new debt has ramifications for non-payment that are much more obvious than the student loan debt.

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Re:More Than 40% of Student Borrowers Aren’t Making Payments by moistgorilla on Wednesday April 06, 2016 @11:43PM (#11444543)
So the UK is basically subsidizing worthless degrees.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by tonyedgecombe on Thursday April 07, 2016 @02:35AM (#11445182)
Yes, the UK has an obsession with pushing out more graduates, meanwhile we have to import trades people because demand isn't being met.
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Re:More Than 40% of Student Borrowers Aren’t Making Payments by makomk on Thursday April 07, 2016 @05:25AM (#11445923)
The Government is (pretending to) do something about this - we've had a huge increase in "apprenticeships", but a lot of those are just shops counting their shelf-stackers as apprentices because it means they don't have to pay the minimum wage.
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