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Vox: 4.8% student loans "too fucking cheap"
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Date: November 21st, 2014 12:04 PM Author: crystalline shivering windowlicker http://www.vox.com/2014/11/21/7259351/82-of-americans-want-congress-to-make-student-loans-cheaper-but-its-a (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765038) |
Date: November 21st, 2014 12:06 PM Author: Electric opaque plaza mood "mo money for dem programs"
So the right question to ask is whether a few billion dollars in the higher education budget could be spent on better things than an interest rate cut. The money could expand Pell Grants for low-income students, which cover much less of the cost of higher education than they used to. Or it could double or triple or quadruple the size of the federal work-study program, which benefits students both financially and educationally. Or it could create incentives for states to spend more on their own public colleges and universities — perhaps the best way to drive down the price of tuition for everyone.
All of that is a better way to deal with student debt than making it slightly cheaper to take out a student loan. |
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Date: November 21st, 2014 12:09 PM Author: sepia hall The thing is, increasing money for Pell Grants is a good idea but only if the money is actually going to real schools. There needs to be a massive day of reckoning for many schools (both profit and 'not-for-profit'). (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765062) |
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Date: November 21st, 2014 12:33 PM Author: Excitant multi-billionaire legal warrant (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765203) |
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Date: November 21st, 2014 12:07 PM Author: Olive school He's right (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765056) |
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Date: November 21st, 2014 12:12 PM Author: Exhilarant depressive liquid oxygen Summary: we should continue to destroy the middle class by financing free college for the poorest at the expense of middle class kids who take loans. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765092) |
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Date: November 21st, 2014 12:20 PM Author: translucent juggernaut if we scrapped governments student loans altogether, universities would cost $10000 per year. the downside is that most students would have to go without multi-million dollar fitness centers and 5 star dining halls. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765132) |
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Date: November 21st, 2014 12:25 PM Author: Olive school This. And fag art programs would be shut down. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765162) |
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Date: November 21st, 2014 12:28 PM Author: Wonderful Stag Film Keepsake Machete And fillintheblank-ethnicity/identity departments would end. Win for everyone. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765178) |
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Date: November 21st, 2014 12:34 PM Author: Excitant multi-billionaire legal warrant Why are you assuming these would end? (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765211) |
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Date: November 21st, 2014 12:38 PM Author: Wonderful Stag Film Keepsake Machete Without federal guarantees of loan funding, all of the bullshit departments will have no money. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765237) |
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Date: November 21st, 2014 12:39 PM Author: Olive school How would they be funded? (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765244) |
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Date: November 21st, 2014 12:45 PM Author: translucent juggernaut without guaranteed gubmint loans/subsidies, money is really only coming in from 4 places: parents, private lenders, alumni (and other) donations, and sports programs.
1) Queer Latina Studies students' families don't have the money to pay $10,000 per year upfront.
2) private lenders won't loan $40,000 to a 1100 SAT (or whatever the modern equivalent is) student going into Queer Latina Studies.
3/4) alumni donation/sports program money is going to be invested in things that offer a return on that money, such as giving scholarships to gifted athletes and bribing awesome professors with tenure.
man, you really have to break things down for libs. stop living in fantasyland and these things become obvious. |
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Date: November 21st, 2014 2:15 PM Author: ebony know-it-all meetinghouse degenerate (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765681) |
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Date: November 21st, 2014 12:23 PM Author: wild ruby theatre bbw Huge difference btw Fed rates and student loan rates (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765147) |
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Date: November 21st, 2014 12:36 PM Author: Olive school Huge difference between probabilities of being paid back (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765220) |
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Date: November 21st, 2014 12:50 PM Author: wild ruby theatre bbw true. if student loans are purely on a commercial basis and "studies" include all 7000 or whatever colleges it must be expensive. But would not, say, a medical student or a Stanford UG be able to get cheaper rates? (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765305) |
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Date: November 21st, 2014 12:55 PM Author: Olive school Sure in a free market. Lol at that ever happening. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765327) |
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Date: November 21st, 2014 12:57 PM Author: wild ruby theatre bbw but if the market for student loans is not free now, why are rates so high in these low-interest-rate economic times? (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765339) |
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Date: November 21st, 2014 12:59 PM Author: Olive school If you don't know I'll need you to state your iq b4 I engage you further (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765343) |
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Date: November 21st, 2014 1:04 PM Author: wild ruby theatre bbw lol, you short-circuited
if something is government run as opposed to market run the government is free to set and differentiate rates as they socially or otherwise wish |
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Date: November 21st, 2014 1:06 PM Author: Olive school What is your point? Rates arent high enough to compensate gubmints for defaults yet they are too high to be a wise investment for 70% of majors. (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765372) |
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Date: November 21st, 2014 12:56 PM Author: Wonderful Stag Film Keepsake Machete Yes, and/or larger loan values. I can't say that's a bad thing.
It's ludicrous that universities charge the same, or nearly the same except for minor fees, for a STEM major as for shitliberal arts. What bank would really risk money on a shitliberal gender bender social change BA degree being paid back. |
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Date: November 21st, 2014 2:10 PM Author: Chocolate gunner blame govt-backed loans, but the USNWR game added fuel to the higher arms race fire
elite zip code Jew parents debating Emory vs WUSTL long into the night ---> schools trying to distinguish one another with rock climbing walls in unions and bringing in "guest" professors from some expensive/prestigious/elite world |
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Date: November 21st, 2014 2:16 PM Author: ebony know-it-all meetinghouse degenerate I lolled at "elite zip code Jew parents debating Emory vs WUSTL long into the night" (http://www.autoadmit.com/thread.php?thread_id=2734142&forum_id=2#26765686) |