College= the only way to success has to be one of the biggest almost successful predatory marketing campaigns. The government, colleges and banks all make money at the expense of truly misinformed kids who don’t have family money. Although I believe the court’s decision is the correct and only one, this predatory snow job has to be stopped and bankruptcy 100% absolutely has to be put back into the equation.
Here is the thing, at this point, if you go to college and take this debt on without a plan to make a lot of money in a career (STEM), with the last five years of news and coverage, then you're a complete fool.
Socialize the losses while privatizing the profits.
And do not do anything until the problem is so huge it can't and won't be handled by anyone other than government, which refuses to admit their mistakes, CRT graduates have little future except in said government.
Good article. If anything is slashed, it should be egregious compounding interest first. And let student loans be dischargeable in bankruptcy. And perhaps must importantly, reduce direct fed government lending so that schools have less incentive to raise their prices.
Good piece. You might be interested in this analysis re: the Supreme Court decision: https://open.substack.com/pub/lononaut/p/department-of-education-vs-myra-brown?utm_campaign=post&utm_medium=web
College= the only way to success has to be one of the biggest almost successful predatory marketing campaigns. The government, colleges and banks all make money at the expense of truly misinformed kids who don’t have family money. Although I believe the court’s decision is the correct and only one, this predatory snow job has to be stopped and bankruptcy 100% absolutely has to be put back into the equation.
From el gato malo:
here's an idea: let's get the government out of lending entirely.
1. it's unconstitutional
2. it's a massive and needless subsidy program that has zero pareto constraint.
3. it's the biggest cause of the tuition price spiral.
the whole program was a terrible idea.
Here is the thing, at this point, if you go to college and take this debt on without a plan to make a lot of money in a career (STEM), with the last five years of news and coverage, then you're a complete fool.
Socialize the losses while privatizing the profits.
And do not do anything until the problem is so huge it can't and won't be handled by anyone other than government, which refuses to admit their mistakes, CRT graduates have little future except in said government.
Good article. If anything is slashed, it should be egregious compounding interest first. And let student loans be dischargeable in bankruptcy. And perhaps must importantly, reduce direct fed government lending so that schools have less incentive to raise their prices.