481–490 of 535 posts
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>>How would one repossess an education? >You can't. Yet. ;)
Isn't that one of the options for the people who paid for ITT? Full refund only if they repossess your credits.
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The University of Texas has in state tuition for below 6k a year, and in some cases out of state tuition can come in at below 10k as well. [1] This is just tuition and administrative fees and doesn't include housing and textbooks. [1] https://admissions.utexas.edu/tuition/cost-of-attendance Edit: Sorry I misread. These stats are by semester, not year.
Right and also tuition doesn't mean cost of attendance where there are all kinds of additional fees, books, room and board, etc. Cost of attendance is easily double that of tuition. So it's actually in the vicinity of $25K per year for a state university. State college and community college in particular can be a lot less, and it's possible to even split the difference and do 2 years community and then graduate from…
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room and board You're paying for room and board regardless if you go to college or not. Or you can just live with your parents.
Most colleges require on-campus residence for at least 1 year (usually 2 years)
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Blue collar employment has been falling in this country, replaced by either knowledge work -- which usually requires further education -- or service industry jobs. If there were truly huge demand for many of these professions, pay would be skyrocketing, encouraging more and more people to go into these professions. I agree that there are and will continue to be good skilled trade jobs and many people would be better…
I've seen welders making $160k/year in Texas (oil), BUT the caveat is that its 1 welder whereas 20 years ago that 1 guy had 3 coworkers.
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Who sets those limits and how are they enforced over time? What if colleges find other ways to charge you money (accomodation, usage fees for equipment etc).
It'll be a never-ending cat and mouse game deciding those limits. I'd say artificially skewing the market is unsustainable and shouldn't be done.
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> Am I the only one who hates the notion of being forced to pay for other people's bad financial decisions? Yes, this is called living in a society.
Society can only work when there is trust and self reliance. Usurping from those who are responsible with their money rips this fabric. If you assume we all should be ok with this because 'society' then why not make it a voluntary bailout and see how far it goes. This would be a bailout at gunpoint because that's how laws and taxes boil down.
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I've seen welders making $160k/year in Texas (oil), BUT the caveat is that its 1 welder whereas 20 years ago that 1 guy had 3 coworkers.
How do the health risks compare to sitting at a desk all day?
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I think it's fine to subsidize education through government programs. Instead, remove the standard of requiring certain levels of education. Perhaps require industry-specific credentials that can be earned through exam or internship for most jobs. College should be about personal exploration over career preparation—at least in the bachelors level. Students can complete credentials as part of their final semester Seni…
Apprenticeships.
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So if you're wealthy and that dollar goes to pay off the loan - where does it go? The person you're giving it to will either spend it on consumption, or loan it to someone else until (ultimately) it is spent. And if you deposit the dollar into the bank then the bank have to loan it to someone (they need to make money too!) who will then spend it on consumption. It won't reduce the amount of money in circulation[0]. S…
> So if you're wealthy and that dollar goes to pay off the loan - where does it go? It gets wiped off the books and a dollar leaves the economy. > The person you're giving it to will either spend it on consumption Did you take a loan out from a person? No. You took a loan out from a bank. They don't spend deposits on consumption. They cover their expenses and profits with the interest you pay. > or loan it to someone…
Borrow from whom? I've heard this idea before that the loans issued by a bank are essentially independent of the deposits, and it makes sense to me from a logistical perspective - is some BofA loan officer going to load up BofA's financials to make sure they have the money to issue the loan? No, they'll just do it, and it's someone else's job at the end of the day to "make it work".
But who are the banks borrowing from? If it's from other banks, doesn't it mean that in the aggregate loans and deposits are tied together?
Why doesn't competition bring down the prices of university degrees?