Jump to content
Search In
  • More options...
Find results that contain...
Find results in...
Welcome Guest!

Join us now to get access to all our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, and so, so much more. It's also quick and totally free, so what are you waiting for?

News Ticker
  • 29-OCTOBER-2019 NEWS
  • -------- Lets see how long it takes for me to change the news for something new <-------
Sign in to follow this  
cavalier080854

Student Debt

Recommended Posts

Alright, student debt in the US is $1.5Trillion ! With such a mountain of debt, is it any wonder that students are embracing socialism/communism. Free stuff, but nothing in life is free, some one has to pay. The Millennial Generation has been deceived by everyone, parents, schools, society, I feel sorry for them for doing what they were taught was the right decision. With the exception of STEM, Medical and Law, most will not need a degree. What a waste of potential, financial drain and worry. As well as the cost to society, later marriage, fewer kids and home ownership, and just being left out of society in general, resulting in apathy.

Elizabeth Warren has proposed a $50K  get out of debt bribe (what about the students who have paid it off). What do you think will the Universities response will be to this bribe...... Simply put up the fees by $10K per year. With student debt increasing, allowing for an ever increasing administration costs and the returns decreasing, is it any wonder that Gen Z is viewing College as a cost effective balance (the correct way to look at Uni).

The same was tried by the Liberal Democrats in the UK leading to the Con/Lib coalition pact, but the Libs went with an increase in tax free allowances, which benifited every one, not just a few. With the students feeling betrayed. But the Liberals were the minor partner and had to pick.

With student debt structured as it is in the US, the student cannot discharge the debt by bankruptcy.

What I would propose is that the interest rate be capped at 0%, that way every student can see all of the repayments go to decrease the debt, instead of paying the interest. It is fair for all, those that can and those that cannot pay.

What are your thoughts, as well as how to help the student debt crisis.

Share this post


Link to post
Share on other sites
9 minutes ago, cavalier080854 said:

What are your thoughts

 

That many students have been conned.

 

That education is ridiculously expensive, and that many subjects can be delivered much more cheaply via the internet if the accreditation issue was resolved.

 

That it's silly to push HE as something that 50% of people should have, without expecting the value of degrees to become severely de-valued.

 

Solution?  Ain't got any. 

Share this post


Link to post
Share on other sites

With exceptions I have mentioned, the Humanities should be severely reduced. Everything being taught there can be found on your smart phone.

If you want a degree in the humanities, you could do it using postal degrees, such as Open University, it got a lot of negativity at first, but is a well respected institution. This is what I did in my late 50 early 60s (just to see if I could do it).

I do agrre with you that if you expand the % of people who attend will result in:-

1 Degradation of academic quality

2 Increase in failure rate (with the resultant debt, but without the degree)

Share this post


Link to post
Share on other sites
3 minutes ago, cavalier080854 said:

With exceptions I have mentioned, the Humanities should be severely reduced. Everything being taught there can be found on your smart phone.

 

The information aspect is certainly true.

But it's hard to replace the analytical thought/discussion aspect, and someone needs to mark written stuff...

 

It's a tricky one, because the internet replaces almost everything except time and the talking aspect (it still does that very poorly).  You still need three years of no job to spend time reading and talking and thinking ... and you need like minded people and experts to talk to face-to-face.

 

Technology will solve these problems soon enough, but not quite yet.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...