Reply With QuoteIt's common sense so it will never fly. I can see Harvard getting behind this....Originally Posted by Text Drivers are Killers
Biden likes little girls
A Modest Proposal: Make Universities Pay for Student Debt Forgiveness
Not a bad idea but lets not forget that the student debt problem has been vastly overblown. Once the media started talking about a bailout all the kids stopped paying even though they could and still can pay their debt.
https://pjmedia.com/columns/david-so...eness-n1085606
oct 25 2020 American education is a cultural disaster, a socialist racket, a bureaucratic nightmare, and a fiscal shakedown operation with a predatory lien on the future of its graduate population. Perhaps the only way to prevent the continuation of the vicious cycle is to penalize those universities that “sell” expensive and/or expendable degrees, a product that often harms the buyer, a promissory note without the promise.
A way must be found to extricate students from the economic and intellectual travesty the university syndicate has inflicted upon them and that compensates students for the damage from which the universities have profited. Debt must be proportionately forgiven, not merely moderated and deferred.
It seems reasonable for federal and selective state governments to arrive at a formula whereby a predetermined portion of student debt—30, 40, 50 per cent?—would be waived and the shortfall recouped from university budgets, endowments, and investments. Federal and state authorities would agree to forfeit a percentage of student debt, the deficit to be made up by a levy upon university surplusage.
This policy would have the added benefit of forcing universities to shed unnecessary fat. Salaries would need to be reduced, tenure rethought, diversity and equity personnel pruned away, and golden handshakes turned into bronze. Tuition fees and costs would also need to become prudential in order to avoid what would amount to a fiscal surcharge on future debt redemption. Moreover, in announcing the intent to undertake a program targeting massive debt relief, the president could tap into the millennial and student vote by docking universities for their wastefulness, avarice, and indifference to the future prospects of their graduates, and so affording students and graduates at least partial deliverance from long-term economic distress.
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Verified User
It's common sense so it will never fly. I can see Harvard getting behind this....
Matt Dillon (10-26-2020)
Senior Member
JPP Contributor
Let's start with Trump University to see if the plan is viable or not.
"We are all born ignorant, but one must work hard to remain stupid."
"Any fool can criticize, condemn and complain - and most fools do."
Phantasmal (10-30-2020)
Verified User
Would it cover Trump U?
And how specifically does Trump "dock universities?"
Phantasmal (10-30-2020)
Verified User
Stopped reading at "socialist racket."
My god, are all you right wingers high school drop outs?!
Banned
Should we make car manufacturers pay for the customer's car if it gets wrecked? Why should the school pay for the failure of the graduate to make use of the education? It's not their fault
Biden likes little girls
I don't think anything should be done to help these idiots. But if someone has to give them a bailout i'd rather it be the colleges than the taxpayers.
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Biden likes little girls
HAHAHA. You hate Trump U because they didn't have easy non-STEM courses in gender studies and the history of kenya.
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Semolina comes from wheat
Are you a fucking idiot? The lenders and schools started this taxpayer exploitation scheme when I was a junior so I know all kinds-of-about it.
A) They lower admission standards
B) Non-college material people get student loans
C) Schools get increased funding and enrollment.
D) The non-college kids wash out, but Uncle Sugar picks up the tab on the defaulted student loans.
E) Everybody pays for this bullshit that the colleges and lenders have been fleecing us for for.. fuck! A couple decades! GRRRRR!
Oh! It makes me mad!
Also the school Administrative staff gets bloated to more than double what it used to be..just a cushy job for whoever you know..
I saw how it was..and then what it was becoming real time..yeah.
Last edited by Matt Dillon; 10-26-2020 at 04:38 PM.
Verified User
You went to community college?
Back To Reality
That is the key idea. It is to make the for-profit colleges either give a good enough education, or to pay back the students they conned out of student loans.
Biden likes little girls
I wouldn't say they conned the kids. The kids were idiots to take on this debt. Never buy anything on credit - well, maybe a house is ok. I personally have never used credit in my life.
Reckless drivers are a bigger threat to you than all other criminals put together!
THE BIG LIE - Blacks and whites are different physically but identical mentally!
There is no way 81 million americans voted for a man they know is a child molester w dementia. Impeach Joe the Pedophile Vegetable (JPV)
Let's go Brandon!
How about making the students pay for their own debt?
Back To Reality
Well, that is terrible advise. I am guessing you have lived a poor life.
Obviously, it makes sense to buy anything that will generate income on credit. Businesses use debt of one form or another to go into business. Even ownership of the business is in effect a debt. It is literally impossible to have a modern business without debt.
So a good education will bring in income, and is worth borrowing for.
Back To Reality
That would drive the for-profit colleges into bankruptcy immediately. The alumni would not be able to pay, would declare bankruptcy, and the for-profit colleges would fail. They count on the government paying the debt, and then going to the alumni and collecting the money.
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