News for hackers. Stuff that matters.

A comment on College May Not Be Worth It Anymore. Parent comment

Re:College May Not Be Worth It Anymore by cheeseomlit on Thursday May 17, 2018 @01:49PM (#17093605)
They are devastating to the people who take them out, not to everyone around them. You are not required to take out a student loan, you are required to pay taxes no matter how high they are

One applicant getting a full ride merit scholarship (or a small group of them) based on their own achievements is not going to devalue a degree. Giving everyone in your society a full ride scholarship based on nothing but their existence absolutely will. Abundance is inversely related to value

[ Parent | on HN ]
Re:College May Not Be Worth It Anymore by VikingCoder on Thursday May 17, 2018 @02:22PM (#17093966)
When students default on their student loans, does money just magically appear?

When someone declares bankruptcy, does money just appear?

Those things do hurt all of us. Costs go up. Insurance costs more. Interest rates go up. Taxes go up (if the program was federally backed.)

I am advocating for merit scholarships. Full ride. For a huge swath of people who demonstrate a reasonable level of merit.

I'm not handing money to someone who flunks all their classes.

[ Parent | on HN ]