81–90 of 287 posts
This is why keep pushing my daughter towards a trade school. (Once you become immune to eye-rolling life gets easier.) There's a lot of companies with unfilled skilled blue collar jobs. And despite self-driving trucks, semi drivers can make some serious money. And HVAC projected job growth is 14% over the next 10 years. Thank you Global Warming!
There is so much waste in universities: bloated admin/it staff , libraries filled with journals/magazines that no one reads, tenure system that doesn't allow you to downsize departments that have no students. Tuition can be reduced, however there is no incentive to do it since students can easily get loans.
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There is a rather simple way of stopping the ever growing tuition bubble, one that is employed in the Netherland, but I feel like it won't be popular in the US: Cap the tuition a college is allowed to charge and restrict them from charging additional fees.
Actually, the simplest way to put downward pressure on tuition in the US is to allow the loans to be dischargeable in bankruptcy.
Earlier quoted context omitted.
There is a rather simple way of stopping the ever growing tuition bubble, one that is employed in the Netherland, but I feel like it won't be popular in the US: Cap the tuition a college is allowed to charge and restrict them from charging additional fees.
Actually, the simplest way to put downward pressure on tuition in the US is to allow the loans to be dischargeable in bankruptcy.
Education is important. Access to education is important. But our current system of giving out student loans with no regard to if the student will ever have a realistic ability to repay borders on predatory. If we can't do anything to solve that portion of the problem, we should at least restrict the mandatory fees that are tacked on for non instructional purposes. No student should have to pay for decades to prop up…
People have been fine with Medicade/Medicare spelling out costs for services and such they should be willing to accept the same in higher education to obtain a Federally backed loan. Schools will trip over themselves to offer degree programs to meet Federal Assistance requirements. Each degree, each course credit leading to that degree, should all be subject to review on a periodic basis to insure that the needs of t…
This sounds horrifying. You want every change of a course to go via some central bureaucracy for approval? This bureaucracy will be staffed by ideologically neutral disinterested angels, regardless of which party is in power?
I think there's a much more free-market solution here. Cap student loan payments at 15% of taxable income, written off after 20 years. Then they can never be a crushing burden, and lenders will become very picky about who (and for what course, and where) they make loans to.
And 17-year-olds will be presented with highly relevant individualised information about the likely outcomes of different options. And it'll also create some jobs for the coming glut of machine-learning people, to make these predictions...
Stuff like this is one of the reasons I like the idea of a basic income...because you could easily just divert the BI to pay for long term services in a situation like this. Can’t pay student loans, your BI gets automatically directed to paying it off with no interest until the balance is clear. Need to pay for school in the first place? Direct the monthly BI to the university to cover tuition/housing/meal plan (or a…
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Lambda School isn't exactly cheap. 17% of 2 years salary (edit) is capped at $30k. I paid less than that in tuition for 4 years of in-state tuition at a top 10 public school.
Read there ISA, there is a cap, it's at 30k. You only pay if you make a salary greater than 50k a year. It's also six months full time, intensive, and targeted. They feel it's their duty to help you find a job, and have found a job (>50k) for 100% of their first cohort. Find me a college with similar numbers. [ISA FAQ]( https://lambdaschool.com/faq/ )
There is so much waste in universities: bloated admin/it staff , libraries filled with journals/magazines that no one reads, tenure system that doesn't allow you to downsize departments that have no students. Tuition can be reduced, however there is no incentive to do it since students can easily get loans.
The real difference is government funding for universities. No country in the world has made higher education affordable to the masses without high levels of government funding -- the US used to do this and stopped, with predictable results.
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Actually, the simplest way to put downward pressure on tuition in the US is to allow the loans to be dischargeable in bankruptcy.
Won't people then plan to go bankrupt? Although perhaps that will allow a better equilibrium.
Earlier quoted context omitted.
Actually, the simplest way to put downward pressure on tuition in the US is to allow the loans to be dischargeable in bankruptcy.
Won't people then plan to go bankrupt? Although perhaps that will allow a better equilibrium.
What is does mean, however, is that no sane entity will then continue giving out loans for someone to go $75k in debt to go to cooking school.