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Colleges are full of it: Behind the three-decade scheme to raise tuition

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Re: Colleges are full of it: Behind the three-decade scheme to raise tuition

#101

Post by waps »

muzz wrote: post #100
waps wrote: post #94

Earlier quoted context omitted.

You forget that most wealthy people do not have a "direct" income and have the ability to redirect tax obligations. So, like in Europe, most wealthy students have a very strong case that they're really poor : just look at their tax statements, nothing on there. Never mind the BMW. (In Europe anyone who is a kid of a company director or some such who is paid mostly in options or company shares to a "management company…

You seem to not know that assets, not just income, are used in the determination

And hiding assets from trivial privatized checks is hard ?

Re: Colleges are full of it: Behind the three-decade scheme to raise tuition

#102

Post by muzz »

waps wrote: post #101
muzz wrote: post #100

Earlier quoted context omitted.

You seem to not know that assets, not just income, are used in the determination

And hiding assets from trivial privatized checks is hard ?

so that would imply that college is then made affordable to both low income students and wealthy students alike since they can hide their assets. what a bonanza!

Re: Colleges are full of it: Behind the three-decade scheme to raise tuition

#103

Post by TheCoelacanth »

muzz wrote: post #102
waps wrote: post #101

Earlier quoted context omitted.

And hiding assets from trivial privatized checks is hard ?

so that would imply that college is then made affordable to both low income students and wealthy students alike since they can hide their assets. what a bonanza!

It ends up getting paid for by the middle class who aren't as able to hide their income and assets.

Re: Colleges are full of it: Behind the three-decade scheme to raise tuition

#104

Post by TheCoelacanth »

pekk wrote: post #30
michaelochurch wrote: post #17

Democrats today worship education, while Republicans today worship the market, neither of which faith has brought us close to a solution. Extreme leftists cheerlead higher education under the belief that if you give the proles a leadership education, they'll eventually revolt and overthrow the capitalists. After all, the undergraduate experience was designed for aristocrats, and if people go from young aristocrat to…

What do Democrats have to do with "extreme leftists"? There is no remotely viable Communist party in the US, not even a Socialist party. Extreme leftists do not have any power in the US. People who don't want to go to college have always had the option of not going. The difficulty is when people want to go but it is not feasible for financial reasons. Some people think it is nice to help others do whatever it is they…

Democrats would mostly be the "lazy centrists" in the next paragraph.

Re: Colleges are full of it: Behind the three-decade scheme to raise tuition

#105

Post by vampirechicken »

Since the majority of non-menial jobs now REQUIRE a degree (often any degree), if you want to be in the middle class, you need a college degree.

One explanation I can think of to require a degree for everything is that it proves that you can commit to a long term goal and achieve it.

The cynic in my thinks it's just a ploy to have a debt-riddle workforce who will be scared to make waves because they're always one check away form insolvency.

Re: Colleges are full of it: Behind the three-decade scheme to raise tuition

#106

Post by aliston »

carsongross wrote: post #12
aliston wrote: post #9

Earlier quoted context omitted.

I'm not sure what you mean by "throw up" but my prediction is that a large portion of these education loans will end up being forgiven. It's housing bubble 2.0 and there's just no other way around it -- millennials leveraged up after being told for years that college was the path to prosperity and simply haven't seen the prosperity. The default rate on student loans is way up because, by and large, we're not making a…

It's easy to say that "they will be forgiven" but that's a huge evaporation of debt in the system: these are assets being marked at par in pension funds, etc. Students are poor and don't vote. That's why it will be different this time. EDIT: (I really should take more time in my replies) Also, let me say that I am in 100% agreement with you about the morality of the situation and how GenY (and GenX) were sold a bill…

I wouldn't either. It will be the government, just as it was last time. Here ya go:

http://www.politico.com/story/2014/06/student-loan-repayment...

Capped payments and all debt forgiven after 20 years.

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