Number of Taxpayers Here Who Believe Federal Student Loans and Guarantees Should Be Limited To $10,000 per Year
(media.patriots.win)
posted ago by Restore_Sanity
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The major wouldn't even exist without these loans. No one in there right mind would lend money to someone to get a degree in gender studies. No return on investment.
.
Government in the college loan business is the main reason why college has gotten as expensive and full of crap as it is now. Defund. It. All.
https://www.prageru.com/video/game-of-loans/
When feminists say it’s time for women to run things, remind them they run education and medicine and they are the two most fucked up sectors of the economy.
Agree.
Yep. Schools should prove a total absence of political bias. For every progressive class, they must offer a conservative class. For every collectivist class, they must offer a capitalist class. Something like that. They must demonstrate total political neutrality throughout the staff and course catalog.
and worse yet, every year the idiots that take on these massive amount of loans are pushing for student loan forgiveness.....
It also incentivizes quantity of students, not quality. So useless majors are created just to give someone a reason to pay the college money.
It will stop the funding when the funding dries up. Currently the loans are self-sufficient merely because people can't use their right to bankruptcy to overcome them.
Plato and Adam Smith warned against burdening the young with debts that they cannot repay. The loans deprive them of the assets they are expected to acquire to become a supporter of capitalism. These indentured servitude loans are making people into commies.
You’re right. You can’t claim bankruptcy on federal student loans. And that’s how more kids accumulate even more debt because the interest keeps piling up.
Schools should back the loans not the government.
If colleges believe the student will pay back the loan won’t be a problem.
Business , medical and law schools won’t be effected since they know students will pay back those loans . most lower tier art schools would be
Can use their endowments to back the loan . If they really believe in the students
Fuck yes. This is the answer. The government doesn't back home loans or car loans.
I think this is the right direction.
My alma mater did something kind of neat. They offer up to 10K per year towards tuition in exchange for 6.4% of your income for 10 years, so long as your income is over some threshold.
The school is essentially betting on itself that its students will average a salary higher than 63K over those 10 years. If memory serves, the profits get rolled back into the program
Federal loans should not exist at all.
I think private banks should takeover control of them again, and you have to show the bank you are a good investment to loan money to. You what a degree in 4th century transgender poetry! Sorry the bank believes that is a risky investment. This table our actuary made, shows the job growth is limited to teaching in select university's after receiving a PhD not a BA. The bank does not loan money for a pyramid scams! Next!
I would agree that allowing the free market to work as it should, those degrees with no legitimate future would just never receive loans/funding in the first place. I'm sure all the liberal companies out there will be happy to start scholarship funds for the worthless indoctrination degrees. Let them fund them.
I think student loans are a good idea but like this I agree they need a cap. The reason school is so expensive is because they get so much now without any cap and then tell their students the reason your school is so costly is because of "dirty capitalism" not because the teacher gets 200,000$ or more to teach in a year.
While academics at large institutions can make 6 figures, the real cause of balooning costs is the huge expansion of administration staff and schools competing with one another with 'perks' like expensive facilities.
Administrations are disgustingly large. And so many useless roles and departments. All created by other do nothings in administration roles just trying to keep their job relevant.
Follow your own logic one step further. If unlimited funds cause prices to soar, and lowering the amount of money provided will reduce the price of college, what will happen if we lower the amount provided to zero?
I honestly cant say your wrong but there are some people who truly need the help. They should also be award based on the course you take. If you want to be a welder ok cool but if you want to take Mongolian throat singing fuck off pay for it yourself. All the best.
There was a time in the late 20th century you could pay for an entire year of college including room and board working parttime at Mcdonalds over only the summer
I’m sorry but if people are incapable of doing that, they don’t need tuition help, they have other serious issues. Get rid of funding and schools will be cheap.
Expensive schools will still exist, some that people require scholarships for, but nobody needs to go to Harvard.
Like you said there was a time you can't do that anymore. It's better to get into trades early not many people I've worked with where 40 years old first years that were good.
The point is you can’t do it anymore because of loans. It wouldn’t be overnight but remove federally back loans and the market for education will shrink and costs will come back down where that could be possible again.
Why do you think student loans are a good idea?
I have used them myself for 2 trades. My family is poor as dirt, worked hard but didn't have much left over after Bill's paid. The first trade I have is pipefitting I'm a journeyman red seal but the work dried up here in Canada because of the war on oil.
I'm just finishing up my electrical trade first year. I save every penny I make I'm very frugal but the last four years in Canada have eat up my saving. Making minimum wage just doesn't pay the Bill's.
My question was more toward government subsidized student loans. If you are plying your trade with the loans, you will probably be able to get money from the free market because you will have a good career after you complete. Gender studies is something that can only exist with government subsidies. All government subsidized loans should be eliminated.
$0. The feds should not back any student loans at all. Let the market decide what an education is worth and prices will come down.
Universities only teach Marxism, Critical Theory, and Post Modernism....
literally tearing down the Nation, one graduating class at a time.
Every time Federal Loans are increased to keep up with the price of tuition, colleges and universities just raise their tuition. Some of the colleges and universities accept students they know have little chance of graduating just to get the money. Some of them also don't really care about educating undergraduates and so put about as much effort into their education as a community college does.
Federally guaranteed student loans are the primary reason why the cost of tuition has skyrocketed since the 1970's. It's also one of the reasons why the quality of education at the colleges and universities is diminishing. It's just to get a bunch of undergraduates enrolled. Beyond that, the colleges and universities don't really care.
Screw student loans, all they do is subsidize the Marxist destruction of the USA.
And required $80 books are a fucking scam I’d I’ve ever seen one. I am still paying for my undergrad degree, although fortunately I was able to receive tuition reimbursement through my employer for a graduate degree.
Try $400 books. $80 is a discount.
they shouldn't exist.
As long it is a step to setting the cap at $0, I'm okay with it.
Just allow them to be defaulted on and/ or included in bankruptcy.
They can “teach” whatever trash they want because they know they will he paid regardless.
End that.
We should rethink all education. K - college
Start failing kids out of school again. Our society would function a lot better if less intelligent folks found out that they are destined to flip burgers /dig ditches at the age of 13-15. They could fail out of school and start working to earn a living, instead of being guaranteed to pass thru high school, given loans to take gender studies crap, and then refuse to start digging ditches at 24 with $200,000 in loan debt and become socialists draining the welfare system.
It's a stupid system that exists to make people feel better about themselves, that generates angry over educated idiots who think they deserve wealth without having worked for it.
Let the government take over student loan debt. What could go wrong?
Limiting to $10,000 is a good start, but it should be $0.
If federal loans disappeared tuition rates would be low enough that most people could afford college or win a Merit/academic scholarship from a nonprofit
They should be eliminated. I'm ok with doing it gradually, but would prefer shock therapy.
And only spent towards approved courses.
Australia has a decent system here.
Each citizen student gets 70k AUD lifetime loan. You get like 20k more if you choose to go into medicine as a graduate. Once you're tapped out that's all you get, too bad.
No stupid levels, no income requirements, no skin color requirements.
It's a low interest loan pegged to inflation. Repayment is handled through their tax bureau, and all income you make over 45k AUD is taxed at an additional rate of 5% that goes towards the loan.
There is no forgiveness, no forgetting, none of that. It's a simple and effective system.
I believe tuition should drop by about 90%.
You should just QUIT giving any money or loan guarantees to any retard "studying" stuff like politics, african-american studies, feminism, sociology, literature, most arts etc etc etc
Give the guarantees to only the actually gifted people who plan to do good, important, useful things with it.
What bank would give an 18 year old with zero earning power or work history who is majoring in Gender Studies at a private school up to hundreds of thousands of dollars with deferred payment for 4-6 years?
The government will back these loans (at our expense) because "muh fair". It is insane. At no time do these kids think about Return on Investment for their education. They blindly take on huge loans and often don't finish school or get a degree in something useless only to be depressed debt slaves for the rest of their life. It has become a complete scam.
If it is not abolished all schools should have to publish in simple terms on the promissary notes ROI, Total cost of loan at xx years with interest payments, Median Income upon graduation (by degree), % Employed after 90 days since graduation.
Allow bankruptcy of student loans. That fixes everything. The lowest rates will be for the most in demand jobs and also for the programs with the least dumb bloat.
You want a gender studies degree. Enjoy 25%+ interest. Didnt know 25% interest would fuck you? Shouldn't of got that gender studies degree.
Watch 4year degrees become 3 years and 2 years.
Should be limited to zero tax payer money
Number of people who think foreign students shouldn’t be allowed period, and if they are it should be a 1:1. Every foreign student pays for themselves and an American one.
$0 per year
The government should subsidize nothing. Especially education.
It cripples people in their 20s and sets them back 10 years on starting a family or buying a house. It really is a crime. It's literally the opening scene of Idiocracy.
One of my few criticisms about Trump. Not once have I heard him discuss trying to get tuition lowered.
Here's my stance: They should be limited to those career fields that we actually have a national interest in promoting. We need doctors, nurses, engineers and actual real scientists, like physicists. Without an effective national campaign to promote these careers we really could end up being worse off. These career fields are already heavily dominated by Indian and Chinese international students. We don't want our national defense or our infrastructure to be dependent on foreigners, particularly the Chinese. That being said, what we have now is not effective and needs to be scrapped. We need to start over, and we need to make sure that we don't flood critical roles with leftists and gender studies acolytes as we do it. That cancer needs to be excised from the culture.
There is a true globalist cabal of academia and scientific elites with near total control before Trump. We have probably a decade of fighting to make things right if at all possible. The Age of Apostasy, man can only fight for money power and control when leaving their walk with Him.
This. Government should only guarantee up to $10,000 for loans and the school should secure anything over. That way the school has an interest to keep costs down and insure degrees will provide a stable salary.
We would end up with zero future doctors...
Because going to college now costs exactly the same as it did "in the old days"...
Do you know any doctors? Have you talked to any about how much it cost them to go to school? I have a friend that went for a specialization in dermatology and he ended up with well over $200K in debt. That's DERMATOLOGY, not heart surgeon, not brain surgeon, SKIN!!
You do know that a big reason that the cost of college is so high is these federally subsidized loans right? Reason would say that removing those would bring down the cost of college significantly as fewer people could pay that amount for an education.
I would be interested in learning more about that claim, do you have some source info you can point to?
I mean, it is basic economics. But, here is something that dives into it rather well. https://fee.org/articles/how-government-guaranteed-student-loans-killed-the-american-dream-for-millions//
Ask him how much he is making at a dermatologist when he finishes.
Can pay back his loans in a few years if he lives like everybody else.
Derm and radiology is harder to get into than surgery
And I have no doubt that he will pay it back because that's the kind of guy he is, my argument was there is no way he could have afforded to go to college for that specialization in the first place with a $10K cap on his student loans unless he spread his education out over 20 years.
What about people in the USA that go to medical schools that do not offer title 4 loans That are not backed by the federal government? They take private loans that are not backed by the government.
The federal government shouldn’t be backing the loans . The the price of tuition will go down . Loans caps were much lower in the 90s and colleges were 70 % cheaper.
Won’t be a lack of doctors will be a lack of idiots majoring in subjects where people can’t pay back a private loan
Won't most any school take a private loan? Are there enough medical schools out there that refuse to take government loans to educate the amount of doctors needed to fill future demand? Are those colleges accredited? There are private (mostly religious-based) colleges out there that offer some of the general course needed for the start of a degree in medical-related fields but they often don't have the "required" accreditation needed for the student to transfer over to an accredited college to finish their degree or specialization so they end up having to retake basic courses at the "accredited" college. I don't disagree that private loans, backed by private banks (as another poster said), isn't the way to go. However, until that happens across the board, a $10K/year cap on loans isn't going to cut it for highly specialized fields.
That's entirely from medical school, which leads to residency, which is forced servitude sponsored by the federal government and pays far below legitimate market salary. There's no reason for medical training to be structured the way it currently is. Get rid of federal loans and guarantees, and the system will be restructured, most likely with medical schools acting as lenders and the socialist residency system being replaced by a market-based post-graduate training system.
And by the way, dermatology is one of the most competitive specialties, due to the combination of high pay (due to huge self-pay cosmetic business) and relatively relaxed lifestyle (dermatology doesn't involve middle-of-the-night emergencies). The acronym for the most sought-after residencies is "ROAD": Radiology, Ophtalmology, Anesthesiology, Dermatology.
I don't know enough about how medical training is structured to make an argument on what would be better and I'm not saying you may not be right... But, realistically, in the many, many years (considering the bureaucracy in universities) it would take them to "restructure" the entire system a $10K/year cap on loans would severely limit the number of people going to college in highly specialized fields, thereby creating a significant shortage of those folks down the road. How do we solve the problem without shooting ourselves in the foot in 5-10 years?
College (undergrad) isn't the problem. People can do that part-time while working, and will likely be better off for having the real-world work experience while making decisions about what to major in and what to do afterwards.
There is no reason for the federal government to be subsidizing any part of medical training, whether it's medical school or the subsequent residency programs which are a a requirement for full licensing. It's absurd that intelligent and hard-working people, having completed 4 years of undergrad work and 4 years of medical school, are still not able to hit the job market and get a market-based salary that would be plenty to pay off their loans in a few years. Instead they're forced to work wherever the government-endorsed match program assigns them, for theoretically "only" 80 hours a week (usually closer to 90 or 100) for what works out to about minimum wage The government indirectly pays a big chunk of these pathetic wages, while the recent medical school grads run themselves into the ground propping up the government's socialist medical welfare programs that don't even reimburse providers enough to cover costs. THIS is what keeps a lot of qualified people from going into medicine in the first place.
You don't need government to fund the loans, there are plenty of investment firms that offer student loans. Offering money with no expectation of its wise application is just creating generations of dependent Democrat voters that hate the system because they are trapped. It's indentured servitude under the guise of Education.
Then teach your kids that there are other options and that college isn't a guaranteed path to success. But you cant argue that college won't be a requirement for some career choices. And I highly doubt these investment firms you speak of offer the same low interest rates that government loans offer, that's the appeal of them.
I was going to add $20,000/year for graduate studies with a 150k lifetime cap but figured it was too long a title.