Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by _-david-_ on Monday September 19, 2022 @12:02PM
(#32900136)
Yes universities took advantage, but it seems clear that the government is who is to blame. They created a situation where a person who is going to be making $40,000 a year could take out massive student loans. It is hard to put as much blame as you are on an organization who has the opportunity to get government money.
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Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by vsareto on Monday September 19, 2022 @12:10PM
(#32900264)
Universities could have said "yes, you can take out 40k in loans, but with our low tuition, you won't need to"
Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by black6 on Monday September 19, 2022 @01:08PM
(#32901038)
That would be leaving cash on the table.
Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by vsareto on Monday September 19, 2022 @05:00PM
(#32903896)
There were consequences for taking that cash, as we see today with the need for loan forgiveness.
If universities had kept tuition low, you might still have had government backed loans, but would not have needed loan forgiveness.
I don't see how people can simultaneously be against government-backed loans existing, but also wanting universities to take as much from that system as possible to the detriment of society.
Re:Taxing Mechanical Engineers and Subsidizing Drama Majors
by _-david-_ on Monday September 19, 2022 @06:48PM
(#32905212)
>but also wanting universities to take as much from that system as possible to the detriment of society.
I don't think anybody is saying universities should take as much as possible, only that it is to be expected. Because it is expected the government should not be enabling it. People have been asking the government to stop with these loans since the beginning saying this exact thing would happen.