"I don't feel special or entitled..."

[Hauldren Collider]

I'm not against counter party risk, I'm all for it. I just don't want to be the one assuming the risk for your Queer Theory degree, which as a taxpayer, is currently the case.

PS: You know what's awesome? There are so many worthless humanities majors that I can use a new one in every post where I criticize humanities and never run out.

[regexcellent]

Right now there is no counter party risk because the banks have those loans guaranteed. If there were counter-party risk, art students would be paying interest out the wazoo if not straight up getting rejected for their student loans.

[MRT144]

Also why not reduce tuition to reflect average outcomes. Make humanities courses cost less than stem given the benefits and competition.

[Ben Kenobi]

Here let me help you with your response: "College isn't just about money! Even though you are spending ~40 grand a year to go to a private school you should study what YOU are interested in, not what people are interested in hiring you for so you can pay off the crippling debt you're taking out to learn how to make ****ty oil on canvas paintings! Pursue what you love!"

There are ways to do this without taking 120k in debt. One.

Two. The education market is vastly overpriced at present for what the degree provides, even for STEM degrees. There are better and cheaper ways to train people than to send them to college and spend 30k per year on their education. Education does not need to cost so much and as, first and foremost, an education provider, I see it as part of my job to ensure that people have access to education even if they cannot necessarily afford it.

The Catholic church backs me up and one of the things we try to do is get unit costs down. If a family is unable to pay, we will teach them regardless, we won't turn them away. And we pitch this to the parish and the parish is behind us in this. So we try to keep costs down and work towards eventually being self-funded by stocking cash away every year.

[giblets]

I don't believe in a perfect meritocracy. I believe in man the **** up and suck it up. Nobody ever got ahead by *****ing and I don't want to ****ing hear it. That picture in the OP is from rich ****s with PhDs whining about being poor and eating ramen because they've made the phenomenally poor choice of becoming a career student. (Also if you're eating ramen it's probably because you lack basic life skills, I can prepare tastier more nutritious meals for far less and do so regularly by doing some actual cooking, but I digress)

What does ramen cost where you live...?

I can get a packet of the stuff for twenty cents if I want. I'd really like to know what kind of tasty more nutritious stuff costs far less than that.

[Ben Kenobi]

Also why not reduce tuition to reflect average outcomes. Make humanities courses cost less than stem given the benefits and competition.

I was a science major and I am humanities major. I rejected doing this both before and after I switched as the actual effect would be to raise the costs of STEM students. As is, artsies like me subsidize STEM folks, and I'm ok with that.

[Hauldren Collider]

What does ramen cost where you live...?

Ramen doesn't less than eggs, bread and canned fruit.

[Ben Kenobi]

Right now there is no counter party risk because the banks have those loans guaranteed. If there were counter-party risk, art students would be paying interest out the wazoo if not straight up getting rejected for their student loans.

I'm fine with that. This administration is not. We'd also likely see folks who aren't white having trouble getting degrees and folks with disability unlikely to receive loans because both have poorer outcomes of actually finishing what they started. This is what the market would do if the market were in student loans. Right now it's 50 percent run by the treasury already as banks dump non-performing loans on the federal government.

Again, the loans should be either non-dischargeable or kept private. Keeping them non dischargeable and due to the Treasury is a violation of the Thirteenth regarding involuntary servitude.

[MRT144]

Right now there is no counter party risk because the banks have those loans guaranteed. If there were counter-party risk, art students would be paying interest out the wazoo if not straight up getting rejected for their student loans.

Tons of art students get unsubbed student loans. The market exists

[Hauldren Collider]

Also why not reduce tuition to reflect average outcomes. Make humanities courses cost less than stem given the benefits and competition.

I don't have a problem with this, but the federal subsidies mean that there is no price competition.

[MRT144]

Under a retractment of subbed student loans would grants still exist?

[MRT144]

I don't have a problem with this, but the federal subsidies mean that there is no price competition.

yeah aand you'll get no argument that subsidies dont help more than they hurt, especially as an excuse of defraying the costs of a substantial grant system. Subsidized loans are a chicken**** way of ensuring everyone has access to higher education.

[Asher]

There are three fundamental problems:

1) Government intervention that mutes the price mechanism.

How much does it cost to go to a school where one learns that public universities are not solely intended to serve the private market?

Answer: More than your father was willing to pay

[Kuciwalker]

The public university system is not the intervention I'm talking about and is, generally speaking, not part of the problem at all.

The worst offenders within the university system are almost exclusively private.

[Asher]

You're referring to what, then? Student loans for private schools only?

Or just government-backed student loans in general?