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Govt has been lying about student loans...
HoustonHusky
Member Posts: 5,995
http://www.zerohedge.com/news/2017-01-19/us-government-caught-massively-fabricating-student-loan-default-data
Amazing how this is just coming out...the numbers are staggering.
The new analysis shows that at more than 1,000 colleges and trade schools, or about a quarter of the total, at least half the students had defaulted or failed to pay down at least $1 on their debt within seven years.
Amazing how this is just coming out...the numbers are staggering.
The new analysis shows that at more than 1,000 colleges and trade schools, or about a quarter of the total, at least half the students had defaulted or failed to pay down at least $1 on their debt within seven years.
Comments
I'm talking about making college affordable. What are you talking about?
You don't trust the United States Department of Education and/or Wall Street Bezos all of the sudden?
College is a business like an oil company or coal mine. They live off this bullshit rep as somehow being a higher purpose. They charge what they do because they can.
If they had to react to a market that didn't have free money for tuition the cost would have to go down. Starting life after college with a yuge debt actually hinders upward mobility. Those grads should be buying cars and houses.
Give better low cost alternatives for trade and regular college and let the masters of the universe burn their money at Ivy schools.
While healthcare costs go up, uninsured procedures like lasik cost far less today than they did.
If you want more of something subsidize it. Want higher tuition? Subsidize it.
I think there are way too many under-qualified students at universities. I'd love to see Community Colleges fully funded and offer training in trade professions. More people would end up with a degree/certification in something they can use.
I really like the German model. In 9th grade you split off into two different schools. Either you will on to college prep until 13th grade (essentially earning your AA), or you go to a job training high school until 12th grade and learn whatever trade you decide on. Graduates either go to University or start an apprenticeship.