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)
Matt Dillon (10-26-2020)
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)
Phantasmal (10-30-2020)
Stopped reading at "socialist racket."
My god, are all you right wingers high school drop outs?!
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
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)
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)
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.
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)
How about making the students pay for their own debt?
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.
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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