Student Debt forgiveness?

[fireforeffect]

Do you agree?
This is my solution to the problem of Student debt.
We all know that the cost of a college Education is far over priced.
In 1960, the cost of a college education was $2,015 per year.
A 1960 dollar is worth $9.95 today so the cost of a college education today should be $20,049.25.
I must ask then, why does a college education today cost $48,510 per year? This is the real problem with a college education today, Outrageous cost.

What is being taught really has not changed. two plus two still equals four. The majority of facts being taught today are the same facts that were taught way back when.
The late Bud Day pointed out in his autobiography that the cost of a college education tripled at the end of World War II because of the GI Bill. With so many GIs coming home and seeking a college education, the colleges realized that they could charge what they wanted because the government was paying for it.

Much is the same today, because the mantra is that you cannot succeed without a college education.
Now with the effort to forgive student debt, the colleges will again raise their prices because the government will again be paying for it. What we need, instead of forgiving debt, is price control. Another alternative would be for the Department of Education to create some sort of equivalency degree so that a person can legitimize his on the job experience.
A third alternative would be this: If you want your student debt eliminated, you must first volunteer to serve six years in one of our armed forced. After completion of your six year enlistment, and upon your Honorable discharge, your debt will be forgiven.

[Oigit]

We signed up for the loan knowing you would have to pay it off with interest. There is no way around it. So why should we not have to make good in the agreement you willingly signed? What's next are people going to demand loan forgiveness on the loan agreement they signed to get a new car? So they can keep the car and not pay the loan off? Frankly loan debt forgiveness in any for is people wanting to escape from their personal responsibility.

Also collage isn't the end all be all. Trade schools and certification programs are an option. Options that cost a fraction of what a collage degree goes. Both also can provide a person with the skills and knowledge needed to make a good living.

Also there is also a government funded trade and certification program out there called Job Corps. As someone that graduated from the program I'd much rather see my tax dollars go to funding it and expanding rather then paying off anyone's student loans. Because when you are in Job Corps dicking around and partying isn't a option. You are their to learning a trade and/or obtaining certification's and that's it. Because both are your job while you are in Job Corps and just like a job in the adult world, you can be fired from the program for being a bad employee.

[normalice]

Price control is socialism, I'm afraid. Thats the entire reason it's called a free market. The same people you can't get to agree to forgive student debt will be absolutely livid if you suggest limiting how much money any rich person is allowed to take.

[fireforeffect]

I agree with you, But in this instance the Colleges are robbing their students, and the Government is helping. One problem is that there is no competition, but their is collusion. In any other business Anti Trust laws would be involved. The whole enterprise is robbing students. $200.00 for a single textbook?

[normalice]

Book publishers are privately ran. To ask for any government oversight is to ask for communism, or at least that's what the book publishers will say.

Indeed, it is true that tuition is usually the least of the expenses when it comes to college. And that's the only thing the college controls. Rent and book fees are pretty much unchecked. The university *could* take a stand and demand local laws change to crack down on predatory landlords or boycott overpriced publishers but there is no incentive for them to do so. Students could provide that incentive by organizing and demanding it, but they just don't because they have to deal with it for four years and then the bill comes due only after they are long gone. Look at the activity of any graduate school union and you'll see how little people actually care. Nothing in your solution involves how to get people to care enough to try them, which is >the< challenge to pretty much all problems in the world. They are all easily fixable, but getting people to care enough to chip in their one a vote a year is almost impossible. A lot easier to motivate with hate instead of empathy.

[jshm2]

You're confused.

Most of what was taught back then was pretty much only worth a few dollars anyway.

The problem today of student debt is not so much the loans, but the interest on that loan and the shitty, stagnant, wages expected to repay them.

It's just slavery of a different sort. Instead of working to death to repay debts and seeing little happiness. You're doing the same, but expected to be "happy" you're doing it.

[fireforeffect]

Spoken like a true Marxist!!

[Anonymous]

Nah not my problem I make 90k as a high school drop out. Bought my first home paid off by next year.


These educated elite need to figure it out for themselves.

Apparently they don't know how to read interest rates and future job market.

Gender study is not a job.



Majority of Americans don't have student loan debt.

And 2/3 of the debt is owned by women. Again kit my probelm

[In_Trance]

The problem is never the cost; it's the spend.