Re:The reason employees aren't returning to work in America ...
by EricE on Monday September 20, 2021 @02:24PM
(#28597036)
>(see: college loans vs college tuition costs)
College is easily five to ten times more expensive then when I went in the 90's - and the vast majority of that increase is from government guaranteed student loans. No risk on the part of the schools, so they jack tuition up with a bunch of amenities because they are getting paid, no matter what. Handing out $100K+ to people with little guarantee of getting it back? Where else can that happen but within our insane student loan system?!?
Give me a break! I think that schools should be on the hook for at least half a loan if someone can't get a job and earn enough that will let them pay the loan back within a fixed time - say six years. That would tamp down a lot of this utterly unrealistic spending for degrees that have little chance of ever returning any meaningful value for what is paid out.
College is easily five to ten times more expensive then when I went in the 90's - and the vast majority of that increase is from government guaranteed student loans. No risk on the part of the schools, so they jack tuition up with a bunch of amenities because they are getting paid, no matter what. Handing out $100K+ to people with little guarantee of getting it back? Where else can that happen but within our insane student loan system?!?
Articles like this is what brought it home to me: https://abcnews.go.com/Lifestyle/tricked-college-campuses-wa...
Give me a break! I think that schools should be on the hook for at least half a loan if someone can't get a job and earn enough that will let them pay the loan back within a fixed time - say six years. That would tamp down a lot of this utterly unrealistic spending for degrees that have little chance of ever returning any meaningful value for what is paid out.