Re:USC pushed a $115k online degree – graduates got low sala...
by clairity on Wednesday November 10, 2021 @02:25PM
(#29179297)
yah, immunity from bankruptcy is the original sin of student loans. it’s literally what drove hyperinflation in higher ed.
Re:USC pushed a $115k online degree – graduates got low sala...
by romwell on Wednesday November 10, 2021 @07:57PM
(#29183131)
I just like how it was passed in 1976 by the Nixon administration just as the proportion of Black students in universities was exploding (from 1960 and 1975, Black enrollment in higher education increased at a rate 3.5x of total enrollment growth; the legislation was introduced in 1975), and soon after, the number of Black students enrolled started dropping[1].
The proportion stayed low for about 20 years.
The "original sin" in 1976 was just one of many acts of legislation that were "compensating" for the Civil Rights reforms by cutting down the funding available to Black students.
It's amazing how little one has to peel in all things that suck in the US to find racism behind it. And now all of us are screwed.
[1]https://journals.iupui.edu/index.php/muj/article/download/20...
The idea for total loan forgiveness is that for a reasonable progressive scheme, the difference between that and total forgiveness may be marginal.
We have plenty examples of how drug-testing for government benefits ends up costing more than simply giving those benefits to all who qualify even if they are drug users. Same applies here. It'd be interesting to see the actual numbers.
But sure, I'd take a progressive scheme like the one you proposed. Hell, just your first sentence (re: bankruptcy) warms my heart and fills my soul with glee :)