NYU Makes Tuition Free for All Medical Students

Re:NYU Makes Tuition Free for All Medical Students by michaelt on Friday August 17, 2018 @07:54AM (#17782082)

  Banks [...] can work out under what conditions they're
  willing to loan money to students [...] If they 
  basically shut down all student funding, that doesn't
  seem like a huge problem either

The problem arises if they decide "We'll only loan money with a wealthy co-signer" and that locks out working class kids from college and the class mobility opportunities education provides.

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Re:NYU Makes Tuition Free for All Medical Students by wyattpeak on Friday August 17, 2018 @02:03PM (#17784620)

I considered that briefly, but honestly I disagree. Class mobility is a pleasant fiction we tell ourselves about, but the data suggest that it is nothing more. Since 1980, the prime time of our current every-goes-to-college education paradigm, social mobility has fallen off a cliff.[1] And frankly, it was never a major feature of society.

For deeper socioeconomic reasons, pretty much everyone in the truly lucrative fields like law and medicine is already quite well-off, and people who graduate from other degrees generally either end up in poorly-paying fields like academia, or else in careers that half a century ago didn't require tertiary education at all.

[1] http://jhr.uwpress.org/content/43/1/139.refs

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Re:NYU Makes Tuition Free for All Medical Students by Marazan on Friday August 17, 2018 @12:54PM (#17784175)

Whilst absolutely a concern the cost of a college education is hugely inflated by the guaranteed loan money.

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