Re:NYU Neatly Embodies Everything Wrong With Higher Educatio...
by danielweber on Wednesday June 19, 2013 @11:56AM
(#5906267)
maximum of 15% of your earnings for 10 years following graduation
And then we make it 20%, and then 30%, and then extend it out to 15 years, and then . . .
We've been putting people into debt they cannot escape to go to college while telling them they "need" to go to college. Given the history, the end result of any kind of "we take a portion of your income" plan will be to make it ever more efficient for the colleges to capture 99% of the lifetime earning difference between a high-school grad and a college grad.
And then we make it 20%, and then 30%, and then extend it out to 15 years, and then . . .
We've been putting people into debt they cannot escape to go to college while telling them they "need" to go to college. Given the history, the end result of any kind of "we take a portion of your income" plan will be to make it ever more efficient for the colleges to capture 99% of the lifetime earning difference between a high-school grad and a college grad.
We need price pressure on the cost of education.