NYU Makes Tuition Free for All Medical Students • Hacker News Board

Re: NYU Makes Tuition Free for All Medical Students

#481

Post by windows_tips » Fri, Aug 17, 2018, 3:27 PM UTC

chimeracoder wrote: post #478

windows_tips wrote: post #465

Earlier quoted context omitted.

>The lender is not guaranteed to be paid their principal back. This may apply for personal loans, where real money is given up; but, it's not really correct to call a bank, the originators of most private student loans, as far as I know, a 'lender'; as, banks don't lend their own money, but create new money through promissory notes.

> This may apply for personal loans, where real money is given up; but, it's not really correct to call a bank, the originators of most private student loans, as far as I know, a 'lender'; It is 100% correct to refer to a bank as a lender. This is standard use of terminology.

Do you have an official reference? I would believe that persons in the industry may use slang terms, but technically it would be incorrect to refer to a bank as a lender in most 'loans' they perform.

If you check the Promissory Notes, I'd guess they probably don't say "lender", except as possibly an alias for a definition that is not equivalent to the standard definition -- wherein, one forgoes actual physical property (cash, for example) for another's use; with the expectation that the property will be returned at some point (possibly with some form of payment to compensate for the real loss of property).

Edit: Do you think Wells Fargo has myriad $100k bundles just sitting around waiting for students to take? I don't think so. They use their power to create new money, rather than loan out the entire principal from their reserves.

Re: NYU Makes Tuition Free for All Medical Students

#482

Post by snikeris » Fri, Aug 17, 2018, 3:50 PM UTC

monocasa wrote: post #120

sf_rob wrote: post #32

I'll probably be downvoted on a forum like this, but I worry about the most successful universities using their funds to subsidize those who would be fine without it. I was actually made aware of this by a wealthy Stanford alumni which has a fairly broad program for undergraduate tuition assistance. Graduates of mid/low tier universities seem more and more likely to have to compete with better credentialed people wit…

IDK. The same thought process led me to not being able to complete college due to financial reasons. Despite being emancipated, FAFSA still considers you a dependent until you're 24. I was told that only with documentation of leaving an abusive household would a dependency exception grant be applied. So according to FAFSA I was supposed to use all this money that I didn't have to pay for college. By 24 I had dropped…

> Just make college free. Trying to make all of these complicated rules to make sure that a few people aren't "getting one over us" is just making more cracks for people to fall into.

Presumably you mean, increase taxes so we can pay for everyone to go to college? Not everyone wants to go to college. Your proposition means that those people are getting the shaft.

Re: NYU Makes Tuition Free for All Medical Students

#483

Post by neap24 » Fri, Aug 17, 2018, 3:52 PM UTC

talltimtom wrote: post #425

avip wrote: post #395

Earlier quoted context omitted.

Always replace "free" with "I'm paying for you". I don't know what's "obvious" about me paying your tuition fees. For once, I may be happy to fund your auto-mechanic studies as I know I'll need you to fix my car. But if you're studying ancient Akkadian I'm less inclined to pay your bills.

That is like saying you only want to pay taxes towards the roads you drive on yourself. Would you be better off if all publicly funded roads where instead private and required you to pay tolls per usage? You would defiantly get an bill more matching your usage, and people who don’t drive would pay less. But it at least feels like we are better off with public roads because they all add value to society as a whole. Th…

Indeed, many do advocate that paying for the roads you drive on through tolls would be a much better system. I don't think it's unreasonable to not want to subsidize certain fields of study with public money.

In the past, when a smaller percentage of people were "educated" the marginal value of educating an extra member of society was very high. It seems much lower to me now that information is cheap and freely available.

Re: NYU Makes Tuition Free for All Medical Students

#484

Post by maym86 » Fri, Aug 17, 2018, 3:53 PM UTC

refurb wrote: post #477

hellllllllooo wrote: post #246

Earlier quoted context omitted.

Sure. Those invisible fighter jets that don't work were a great investment. https://www.popularmechanics.com/military/a21957/wtf-35/ The US military is a publicly funded socialist entity. Interesting how that's ok for war but not for education.

Can something be socialist when a private version could never exist?

Yes. That's not what defines it.

Re: NYU Makes Tuition Free for All Medical Students

#485

Post by leetcrew » Fri, Aug 17, 2018, 3:58 PM UTC

DoofusOfDeath wrote: post #168

txru wrote: post #98

Earlier quoted context omitted.

It's also important that it's alumnīs in ablative when you're going away from multiple alumnīs. My friends don't seem to like when I tell them about proper declension when we're in the stadiō.

You could be right, I don't know. Of all the Latin lessons I had in high school, I probably zoned out the most during those that covered the ablative case. :)

txru is trolling you. when we inflect Latin words in English, we always treat them as if they have nominative case.

Re: NYU Makes Tuition Free for All Medical Students

#486

Post by snikeris » Fri, Aug 17, 2018, 4:05 PM UTC

agitator wrote: post #151

monocasa wrote: post #120

Earlier quoted context omitted.

IDK. The same thought process led me to not being able to complete college due to financial reasons. Despite being emancipated, FAFSA still considers you a dependent until you're 24. I was told that only with documentation of leaving an abusive household would a dependency exception grant be applied. So according to FAFSA I was supposed to use all this money that I didn't have to pay for college. By 24 I had dropped…

I agree. Yes, it will cost a lot and yes we need to find a way to fund it, but giving all communities fair access to education is in everyone's best interest. Increasing the base level of education makes everyone a more intelligent, informed citizen and voter, and will have a positive impact on the progression of our country. I think it's a bad idea to be penny pinching in this regard. I also think everyone being edu…

> I will gladly pay a higher portion of my salary if it means the general populous can think for themselves, has a means to climb if they wish to, and the base level of education of the people in my country increases.

No one is stopping you from doing so. Donate some money to local youth or a scholarship fund.

However, it seems like you want to force everyone else to pay a higher portion of their salary to this cause.

Re: NYU Makes Tuition Free for All Medical Students

#487

Post by snikeris » Fri, Aug 17, 2018, 4:07 PM UTC

pwdisswordfish2 wrote: post #181

agitator wrote: post #151

Earlier quoted context omitted.

I agree. Yes, it will cost a lot and yes we need to find a way to fund it, but giving all communities fair access to education is in everyone's best interest. Increasing the base level of education makes everyone a more intelligent, informed citizen and voter, and will have a positive impact on the progression of our country. I think it's a bad idea to be penny pinching in this regard. I also think everyone being edu…

Free but not compulsory, right? You don't need higher education for a lot of jobs and many people do not wish to attend college. I also think it's wrong to imply that people who haven't attended higher education can't "think for themselves". My 2 cents.

Well, the problem with making it free is that you're making it compulsory for others to pay for it.

Re: NYU Makes Tuition Free for All Medical Students

#488

Post by jsoc815 » Fri, Aug 17, 2018, 4:14 PM UTC

felipemnoa wrote: post #124

dunpeal wrote: post #108

Earlier quoted context omitted.

While "gaining admission to NYU medical school" is likely correlated with good socio-economic background (as do all accomplishment), the correlation is not 100%. You can get into NYU from a poor socio-economic background, if you work hard and attain academic excellence. And while all students will appreciate this discount, it will make more of a difference to those who are not "fine without it", i.e. those below the…

>>You can get into NYU from a poor socio-economic background, if you work hard and attain academic excellence. Very true. Unfortunately many times the schools where a kid from a lower socio-economic background will attend will not prepare them for a school like NYU. In fact, sometimes it will probably be a net negative. Not necessarily the school itself, but the whole environment. Other students will be so disruptive…

I've never had the displeasure of being around so many drugs as when I went to prep school-- not some random private school, but a legitimately prestigious one to which future U.S. presidents and or their spawn are sent. Kids there were smuggling large quantities of narcotics in and out of the country, sometimes at the risk of death.(No, I am not exaggerating.) They were also robbing each other of said drugs. The difference is that because of the institution(s), players involved, etc., more discretion is involved in how disputes were handled. All of this scales down the further removed one gets from such environs until you reach the disproportionately poor groups, who make up the bulk of the stories that people hear, but not necessarily the bulk of "crime" were they to be policed at the same levels of the former mentioned groups.

Alcoholism, drug addiction, bullying, domestic violence are issues that affect people of 'noble birth', too. In fact, a number of kids I knew in school were acutely aware of the fact that their parents saw them as a burden or impediment to their own lives and as such, sent shipped them off to boarding school. And so, the kids drank and drugged... Fast forward to college, I know of one kid whose parents shipped off on a study abroad trip to "cure his drug addiction." Yeah, he ODed while we were on a ship in the middle of the Pacific-- though he'd scored coke, but surprise, surprise, the nice dealer he'd met while were in a SE Asian port gave him something else.

tldr: Yep, kids from poor neighborhoods often don't start out w/the same advantages as those from higher socio-economic backgrounds, but kids from the latter backgrounds often work vary hard to even the playing field by engaging in self-destructive behaviors that for some reason people like to mostly associate w/being poor. Really the only difference is that certain members of society are more willing to forgive even the worst behavior for one group while penalizing mercilessly those of the other for the most innocuous behaviors.

Ps. A pier is something one might take a walk on. A peer is a member of a cohort, class, etc., ostensibly.

Re: NYU Makes Tuition Free for All Medical Students

#489

Post by analog31 » Fri, Aug 17, 2018, 4:16 PM UTC

aesclepius wrote: post #393

analog31 wrote: post #330

Earlier quoted context omitted.

But the earnings aren't all salaries either. As I understand it, doctors earn salaries from employers, but as I understand it, they are also leading investors in provider systems and in the malpractice insurance system. They're not getting poor. The only thing I'm suggesting is that reducing the cost of care will make them poorer, but that could be offset by attracting people to be doctors who don't come from the mos…

> but as I understand it, they are also leading investors in provider systems and in the malpractice insurance system. You're completely wrong. There's actually the Stark law ( https://en.wikipedia.org/wiki/Stark_Law ) set up to prevent doctors from owning industry-related materia or self-referring to any entity with financial relationship. Not only that, but out of my network (100+ other physicians) very few are the…

When did that law go into effect? The provider network that my employer's insurance plan used for a while advertised on a billboard that it was "doctor owned." What I don't know is how the specific financial or legal relationship worked.

Re: NYU Makes Tuition Free for All Medical Students

#490

Post by oculusthrift » Fri, Aug 17, 2018, 4:19 PM UTC

talltimtom wrote: post #425

avip wrote: post #395

Earlier quoted context omitted.

Always replace "free" with "I'm paying for you". I don't know what's "obvious" about me paying your tuition fees. For once, I may be happy to fund your auto-mechanic studies as I know I'll need you to fix my car. But if you're studying ancient Akkadian I'm less inclined to pay your bills.

That is like saying you only want to pay taxes towards the roads you drive on yourself. Would you be better off if all publicly funded roads where instead private and required you to pay tolls per usage? You would defiantly get an bill more matching your usage, and people who don’t drive would pay less. But it at least feels like we are better off with public roads because they all add value to society as a whole. Th…

Not really. It’s more like getting outraged when the government wants to build a road that does nothing. imagine they build half a bridge over a body of water and stop. Do you want to pay for that useless thing?