News for hackers. Stuff that matters.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by BlueTemplar on Thursday December 12, 2019 @08:36AM (#21771676)
> Why would we make them take out huge loans

You wouldn't, like you weren't paying to do your military service.

> engaging directly with the world via travel or talking to people outside our bubble

A mandatory year mixing all social classes is, by definition, "bubble-popping". In fact this still happens today, when young people are forced to leave their home town they lived all their life in in order to go to the university.

Also, nothing is preventing a university from having some practical workshops... (I know a lot of people that got their truck-driving license during their military service) and a big university should be able to have some much more expensive training machinery than a small school.

P.S.: Oliv(i)er Faron is far from being young and foolish...

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by rsj_hn on Friday December 13, 2019 @07:01AM (#21780848)
> You wouldn't, like you weren't paying to do your military service.

Who do you think pays for military service if not the people? Martians? What is the difference between generation X paying for generation X+1's education, spending g% more than what was paid for their own education, and generation X taking out a loan to pay for their education at a rate of r? The only thing that matters is whether r > g, the growth rate of the price of education. If r > g, then a direct transfer is slightly more efficient. If r < g, then a loan is more efficient. In this case, g is astronomically high. Yet you favor the more inefficient approach, because it hides the fact that most money spent on tertiary education is a waste, and you want this waste transferred to the old rather than kept by the young.

> engaging directly with the world via travel or talking to people outside our bubble A mandatory year mixing all social classes is, by definition, "bubble-popping".

Ahh, yes, those isolated campuses with safe spaces and psychological violence counselors -- a true bubble popping experience.

P.S.

You can also be old and foolish.

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by BlueTemplar on Friday December 13, 2019 @08:08PM (#21787099)
I would expect student loans and taxpayer money not having the same dynamic ?

> Ahh, yes, those isolated campuses with safe spaces and psychological violence counselors -- a true bubble popping experience.

Again, this is very American-centric.

> You can also be old and foolish.

Considering his credentials, it seems unlikely.