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A comment on America’s Millennials Are Waking Up to a Grim Financial Future. Parent comment

Re:America’s Millennials Are Waking Up to a Grim Financial F... by Crontab on Friday June 22, 2018 @05:40PM (#17377635)
Given how much an educated workforce gives back to our country, I never understood why the government doesn't offer interest-free student loans - especially since the debt cannot be discharged via bankruptcy.
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Re:America’s Millennials Are Waking Up to a Grim Financial F... by JumpCrisscross on Friday June 22, 2018 @05:45PM (#17377679)
> Given how much an educated workforce gives back to our country

Subsidized student loans produced many quality graduates. They also spun off reams of communication majors.

I'd actually argue part of the problem is lenders are totally immunized from the risk of their loans; if loans were priced to each institution and each major and each individual's academic record, that might pull wage and labor demand information from the labor market to undergraduate campuses.

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Re:America’s Millennials Are Waking Up to a Grim Financial F... by hnaccy on Friday June 22, 2018 @05:48PM (#17377699)
In my opinion America's educational woes starts far earlier than university, I doubt throwing free money at the problem would solve anything except inflate college costs and bureaucracy.
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Re:America’s Millennials Are Waking Up to a Grim Financial F... by Nelson69 on Friday June 22, 2018 @05:46PM (#17377682)
Isn't it simply guaranteed by the government? Private banks put up the money and the government only steps in to pay if there is a default. Isn't it a profitable business for the banks?
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Re:America’s Millennials Are Waking Up to a Grim Financial F... by zeveb on Friday June 22, 2018 @05:43PM (#17377655)
Because interest-free student loans don't necessarily increase an educated workforce; they might also just line the pockets of the academic-industrial complex.
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Re:America’s Millennials Are Waking Up to a Grim Financial F... by wycs on Friday June 22, 2018 @05:46PM (#17377684)
The Case Against Education is a great book on this topic.
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Re:America’s Millennials Are Waking Up to a Grim Financial F... by Crontab on Friday June 22, 2018 @06:17PM (#17377948)
Thanks for the suggestion. I'll take a look at it.
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Re:America’s Millennials Are Waking Up to a Grim Financial F... by stevenwoo on Friday June 22, 2018 @05:54PM (#17377752)
I do not know the solution but the current system already just lines the pockets of the academic-industrial complex, education costs keep rising at rates that are similar to healthcare in the USA.
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