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A comment on U.S. To Forgive at Least $108B in Student Debt in Coming Years. Parent comment

Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by saint_fiasco on Wednesday November 30, 2016 @09:19AM (#13070871)
Yes and yes. The fact that they are offering the service at all means you don't have to go somewhere else (possibly far away) to get an equivalent service, so that is a form of discount.

The exception is for fields that are zero-sum games, such that an abundance of lawyers, for example, makes it cheaper to defend yourself from a lawsuit but also more likely to be sued.

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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by cmdrfred on Wednesday November 30, 2016 @09:30AM (#13070973)
> Yes and yes. The fact that they are offering the service at all means you don't have to go somewhere else (possibly far away) to get an equivalent service, so that is a form of discount.

No thanks, if I'm paying for your education I expect a better discount than "my office is a little bit closer"

Op is right, this is unadulterated bullshit.

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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by saint_fiasco on Wednesday November 30, 2016 @09:35AM (#13071017)
It should not be controversial that with a greater supply of a service, price will tend to go down (or quality will go up) because there will be more competition.
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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by cmdrfred on Wednesday November 30, 2016 @09:38AM (#13071045)
>It should not be controversial that with a greater supply of a service, price will tend to go down (or quality will go up) because there will be more competition.

Firstly, if the services are in demand why is paying off the loan an issue?

Secondly, they already have the degree paying off loans does not increase the number of graduates.

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Re:U.S. To Forgive at Least $108B in Student Debt in Coming ... by saint_fiasco on Wednesday November 30, 2016 @09:52AM (#13071171)
> Firstly, if the services are in demand why is paying off the loan an issue?

That is a very good point.

> Secondly, they already have the degree paying off loans does not increase the number of graduates.

It depends on how the debt is forgiven. If government just pays the colleges then it will suck, but suppose they were like "You sold a defective product to millions of people and we are not paying for it. Deal with it". Then colleges will learn to stop offering useless majors and the number of graduates in bullshit will reduce while the number of graduates in useful stuff will increase.

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