721–730 of 848 posts
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Student loans should absolutely be dischargeable. It will force tuition to drop to something affordable. It's advertised as a ticket to a good job and that's just false.
I addressed this in my comment. You'd end up with schools not lowering their prices, they would just be available only to the upper class.
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It will force "the system" to come up with some other way to pay for tuition. What do you think about Income Share Agreements? https://www.thesimpledollar.com/loans/student/income-share-a...
So what you‘re proposing is that a fairer way to paying back tuition is making it essentially free when taking it and then, IF you end up making a lot of money, paying it back with a share of your income? I can‘t resist the feeling this sounds surprisingly related to the concept of free higher education and a higher, progressive income tax, a pretty revolutionary approach we‘ve been doing with limited success over he…
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They may if they face competition form Lambda School style ISAs (not necessarily just ISAs generally, but ones that are actually good for the student). As a bonus this would make universities better at education since the incentives would be aligned with the students. It would be helped though if the easily available government loans were not available, though with the generally bad politics from both sides on this,…
You're assuming a lot of faith in market forces. In reality, the incentives should already be aligned with student interest: All of the information for it is already available. Retention & graduation rates are public knowledge, and you can easily find out if a school has job placement (and their rates) or merely a "career services" area that will help you write a resume and point you at some other resources. The fact…
But that information is less useful than one might naively assume. What you actually want to know is the school’s contribution, which the raw rates don't tell you. Like good ratings for primary/secondary schools, the raw rates mostly tell you about the qualities of students that end up going there; pulling out the effect, if any, of the school is much harder.
Disclosure: i never went to college, I went to a trade school. Colleges really only started scaring the heck out of me when I started enjoying my career. After spending a day wrenching in a garage, we'd hit miller time and head down to the Soapbox Bar and Grill. Over the span of a month or two ordering buckets and shooting pool I learned our bartender Javon had a masters in biology and his fiancee Cortisha who bussed…
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I’m still waiting for someone to explain to me how 15K+ in tuition a year is acceptable. No sympathy here for the college industry.
> I’m still waiting for someone to explain to me how 15K+ in tuition a year is acceptable. I believe people who support such things think as follows: 1. $15k a year tuition for 4 years is a great deal if it turns you into a banker or programmer with a $150,000 a year salary and a 40-year career. Indeed, it would be unjust for a garbage man's taxes to be paying for a stockbroker's education. 2. Majoring in poetry migh…
I always found the US model of colleges so outlandishly short-sighted. Problems of non-bankruptcy and wage slavery are just the very apparent outcomes that you would have a system like this. "Free" education is the only thing that separates us from a dystopian society of social immobility. And hence people in US defend it. I came from poor background and the fact that Uni education is free allowed me to, first of all…
I don't think anyone has to take a 100k loan to pay for college in the US. There are many many many colleges that are cheaper than that and there's a HUGE variety in financial aid that can make college free.
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> All of us should be regularly lobbying our lawmakers to make student loans dischargeable by bankruptcy, just like any other loan. The reason they aren't dischargeable is because what bank in their right mind would give a loan to an 18 year old with no collateral? They only guarantee they get that it will be paid back is the fact that it can't be discharged. Student loans would dry up overnight if they could be disc…
> The reason they aren't dischargeable is because what bank in their right mind would give a loan to an 18 year old with no collateral? If it's a bad bet for the bank , it must be far worse of a bet for young adults. That's the point -- right now we're essentially suckering millions of naive young adults into a life of wage slavery by giving them a "bet" which they are completely unequipped to evaluate; and many of t…
Disclosure: i never went to college, I went to a trade school. Colleges really only started scaring the heck out of me when I started enjoying my career. After spending a day wrenching in a garage, we'd hit miller time and head down to the Soapbox Bar and Grill. Over the span of a month or two ordering buckets and shooting pool I learned our bartender Javon had a masters in biology and his fiancee Cortisha who bussed…
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>The job can be done better for much less. First and foremost, the lecture part of education is extremely inefficient. I know "watch the video" just doesn't work for some people, but charging for a live rendition of a repeated script, and then not valuing the person who watched the same recording equally, is absurd. Education needs to acknowledge a couple things. 1) Theres probably a "best" lecture or lecturer out th…
I remember when MIT first started publishing their lectures online. I would watch them for my chemistry and physics classes and was astounded by the fact that the lectures were basically identical. Ivy league schools had this mystique around them and I always wondered what it would be like to be there instead of a community college. Turns out, the difference is absolutely not in the lectures or tests. At least, for f…
As a self-taught developer and proud of it, I like this quote. A lot. It's easy to let yourself fall into a toxic mindset where you (and many employers) unjustifiably feel inferior because you didn't take the traditional 4-year college route.
But in less than a decade, hearing of couples who met on Tinder has gone from a novelty to the norm, reminding us of how quickly societal paradigm shifts can happen (for the better, imo).