So trump did not reduce taxes?
College Debt Forgiveness
- Thread starter RandyForRubio
- Start date
So trump did not reduce taxes?
So, the issue is not really the degree, but the stubbornness? I'd agree to that.
That sure sounds like what they used to tell us back in the 80s.
It's much easier to get out of a Benz lease than college loans.
It's almost like capitalism is not working when it comes to the prices in the college market.
RandyForRubio
Well-Known Member
Ah yes.
State funded institutions raising prices because of federal funded guaranteed loans SCREAMS capitalism.
Its definitely not the degrees fault. Kids have a choice what their degree is in to begin with plus what they do after to some extent. My first Bachelors was in poly sci and I never worked in the field ever.
It was what got told and kids did it and it worked.
RandyForRubio
Well-Known Member
It's amazing how people don't understand this.
olden_undercover
Well-Known Member
That's YOUR argument? That these are just a bunch of stupid, weak human beings choosing bad majors with no career path? Curious to see the data backing that one up, Wes. Spend more time on the piece of the conversation about how for-profit education has become disgustingly like big business, which is the middle ground of this debate, and I think a reasonable conversation can be had. This isn't about dumb people getting what they deserve, and it's also not about soft-hearted liberals giving a free lunch to a bunch of orphans. I'm also only speculating, but I would wager most of the indebted are honest, hardworking people-- think parents with a full time job trying to get a leg up-- who were suckered by for-profit colleges and universities into believing they were investing in a solid education with a likely career path. Groups like University of Phoenix have been doing this for years now, charging just above the max amount the student will qualify for in Stafford loans, while putting them through programs that look and sound very legitimate-- MBAs, MHAs, Masters of Information Systems, etc. There are programs for nursing, the whole gamut of IT, business-- you name it. Then graduates find employers regard their education as less-than-legitimate and will only hire them into entry-level, low-wage positions... if they're lucky. Many just go back to what they were doing, but can't apply their education because it's unrelated and/or also viewed as illegitimate by their employers. The end result is years wasted on a degree that got them nowhere, and tens of thousands of debt. A lot of these greasy 'schools' have been forced to shut down, but not enough of them, in my opinion. Anyway, it's a tough topic, but it's not fair to pin this on the students 100%.
Private institutions are raising prices as well. States schools are competing with other state schools, with private schools, with community colleges, etc., for students, but that is not driving prices down. If you think there is no competition, I guess you haven't had a recent high school graduate. They get inundated with ads. The competition is fierce.
Not sure exactly what you are saying so I won’t agree or disagree.
Higher education is a mixed model of capitalism (private schools) and socialism (public schools). And even the private schools are semi socialist with massive government spending and influence.
Economic principles are driving up prices for both private and public schools.
RandyForRubio
Well-Known Member
Did I say there wasn't competition?
Some kids did it, and some did not, just like today.
Competition isn't the fuel for capitalism?
Yup. I mentioned one earlier.
I disagree. That has not been my experience with hiring younger kids these days. It also has not been my experience with kids attitude as an adjunct as well. But its just anecdotal.
Free markets do not imply low prices. They mean that prices are set by the intersection on supply and demand curves. Demand curve shifts up when buyers are provided incentive (loans) to purchase the product.
That's exactly what the grown-ups were saying when I was in my 20s. It's almost like the nostalgia effect is a thing.
People can also get loans for cars, but I don't hear much about loans distorting the car marketplace. We still see comparison shopping and price, among other things, being a factor.