Why The Student Loan Market Is Insane • Hacker News Board

Re: Why The Student Loan Market Is Insane

#51

Post by tn13 » Thu, Jun 12, 2014, 6:57 PM UTC

ceejayoz wrote: post #42

tn13 wrote: post #7

Only if Mr. Obama would stay out of education market half the problems would get solved automatically. Few NBA players make million dollars a year. But that does not mean if government provides cheaper loans for basketball training it would produce more millionaires or even increase overall quality living. If government meddles in education, forces banks to give cheaper loans it only means one thing. A big "Student L…

Half the problems would get solved by the President staying out of it? Why were they problems at all before he started pushing for the reforms, then?

So the world has not solved any problems unless government wastes taxpayers money on solving them ?

Re: Why The Student Loan Market Is Insane

#52

Post by doctorKrieger » Thu, Jun 12, 2014, 10:59 PM UTC

Paul_S wrote: post #28

doctorKrieger wrote: post #25

Earlier quoted context omitted.

oh you must be joking, i'm graduating from top1 polish university and even the professors are saying the quality of education is piss poor -but well whan can you expect when the TA's are getting paid around 1500 zloty (500$) and the professors are grabbing ~4000zloty (a bit more than 1000$). But there are parts in which you are right - the graduation rate is 30% and the quality of education in paid unis is even worse…

The problem with leaving the country is that your very good degree is now almost worthless. I got mine (from a good technical uni) issued in English, I even wrote my thesis in English. Not a single employer wanted to look at it. Yet, I earn the same as my colleague with a PhD from a local uni. Turns out no one cares about degrees in software engineering. Maybe it's different in your industry.

Nah i'm in Computer Science aswell, although i'm planning to hit data science instead of software engineering. As for the degree i'm mostly doing it in case i'd like to go and do a PhD.

Re: Why The Student Loan Market Is Insane

#53

Post by dajohnson89 » Fri, Jun 13, 2014, 4:25 AM UTC

_broody wrote: post #12

beloch wrote: post #3

Parts of this article bother me. Let's say that banks could set rates based on risk and this did force lower quality colleges to reduce their tuition. Those colleges would bring in less revenue and program quality would likely suffer, possibly resulting in a feedback loop. Meanwhile, ivy league universities that are funded primarily by endowments would be able to raise their tuition without burdening their students,…

Perhaps facing a crisis is what low-quality colleges need. The current system is a failure. It doesn't make sense that in an age where so many top-end study materials are available so ubiquitously, easily, and much cheaper than ever (even freely!), getting a diploma has become such an onerous undertaking, and that the accompanying tuition is proving to be increasingly inadequate to prepare its graduates for a cutthro…

Much of the cash is being funneled into administrator salaries and lucrative construction/service contracts.

Re: Why The Student Loan Market Is Insane

#54

Post by ceejayoz » Fri, Jun 13, 2014, 4:35 PM UTC

tn13 wrote: post #51

ceejayoz wrote: post #42

Earlier quoted context omitted.

Half the problems would get solved by the President staying out of it? Why were they problems at all before he started pushing for the reforms, then?

So the world has not solved any problems unless government wastes taxpayers money on solving them ?

The President was staying out of it. There are now reform proposals to fix issues. You argue that if he'd stay out of it - as he was - that the issues would go away, so why were they there in the first place prior to him getting involved?

Re: Why The Student Loan Market Is Insane

#55

Post by tn13 » Sat, Jun 21, 2014, 1:12 AM UTC

ceejayoz wrote: post #54

tn13 wrote: post #51

Earlier quoted context omitted.

So the world has not solved any problems unless government wastes taxpayers money on solving them ?

The President was staying out of it. There are now reform proposals to fix issues. You argue that if he'd stay out of it - as he was - that the issues would go away, so why were they there in the first place prior to him getting involved?

He was not. He says everyone should afford a college degree. Nothing wrong with that. He wants to spend someone else's money to make it affordable which only means worthless degrees will be dozen a penny.