Should government make a profit off student loan debt?

[highland145]

People were hired in manufacturing in good paying jobs. Something happened from that time to now....any guesses?

Manufacturing has left, blue collar workers are 2nd class, "if you don't have a degree you can't advance. And, for the past, students owed/paid their families for college.

Why don't you go check the research on it? You'll find lots of people have looked into it. Some have found a connection, some have found no connection. At best you would conclude that there is not enough evidence to support a conclusion that availability of aid has insufficient evidence to support a conclusion that it increases prices.

Student debt vs degree usefulness....They are diametrically opposed.

 

[Zorkorist]

Government will just raise the debt, and raise the debt, and raise the debt,

until we are at the collapse of another civilization.

-John

 

[Mai72]

Those jobs are gone today. Beyond Government, who still retires people after 20 years, most of us have to actually be competitive with world economies.

-John

My friend works as a corrections officer. Yes, I realize it's a government job. He is going to retire when he is 50. 25 years on the job and he gets to retire. Full benefits and a full pension.

For the next 30 years!!

I don't know if I could be a corrections officer. It's a dangerous job. I think it changes people. You work all day with dangerous criminals who if given the chance would slice your neck open in a heartbeat. They throw their feces at you, and in the summer months it's insanely hot.

 

[Zorkorist]

I think military and para-military (police) get to retire at 20 years. So they are 40 years old, and "retired" with a Government pension.

Ridiculous to me, and I have seen oil pensions. Just as ludicrous.

-John

 

[Mai72]

Anyway, we could all make a difference.

We should boycott college for one semester. Just stop going. I bet we would see a big reduction in college tuition. If a semester doesn't scare them then we should miss 2 semesters of college. Parents should just pull their children out of school.

But it's not going to happen because we don't stick together.

 

[Zorkorist]

Today if you are "in like Flynn" you are really in like Flynn.

Never mind the country is bankrupt, and putting everyone in more and more debt, every day.

-John

 

[Zorkorist]

Anyway, we could all make a difference.

We should boycott college for one semester. Just stop going. I bet we would see a big reduction in college tuition. If a semester doesn't scare them then we should miss 2 semesters of college. Parents should just pull their children out of school.

But it's not going to happen because we don't stick together.

We're supposed to, and currently allowed to, make a difference at the ballot box.

We should vote Tea-Party, and or the most fiscally conservative option we can find.

-John

 

[fskimospy]

Student debt vs degree usefulness....They are diametrically opposed.

No they aren't.

The reason why student loans wouldn't exist without the government is that no lender on this planet would give a large, unsecured loan to an individual with no income and no assets, based on income potential 4+ years later, regardless of the degree. This describes the vast majority of 18 year old students.

Without government involvement there would 1.) be no protections to prevent the discharge of this debt in bankruptcy and 2.) no lending to begin with. There is almost no one I know of that thinks that's an improvement over our current situation.

 

[highland145]

No they aren't.

The reason why student loans wouldn't exist without the government is that no lender on this planet would give a large, unsecured loan to an individual with some dumb ass degree.

fixed.

Other than the government. Guaranteed.

 

[highland145]

Trades, the black sheep.

 

[Mai72]

We're supposed to, and currently allowed to, make a difference at the ballot box.

We should vote Tea-Party, and or the most fiscally conservative option we can find.

-John

I don't think voting at the ballot box matters anymore. I think the system is too corrupt to make any lasting impact.

This is why we need to vote with our pocketbooks. We can make a difference if we all stick together and fight.

The Montgomery bus boycott was successful in the mid-1950's. We can do the same today.

 

[highland145]

K, wal-mart rules.

 

[Zorkorist]

Higher Education is priced outrageously, because Government programs subsidize those that Government wants to subsidize. Capriciously.

Government, has decided that their is some game in deciding who should be educated, and who should not.

They (Government) waste millions of dollars, and make it far more expensive to get educated than it should be.

Higher education looks at the Government subsidies (remember, Government is beyond broke) and says hoorah!

-John

 

[fskimospy]

fixed.

Other than the government. Guaranteed.

How many people do you know that work in finance? I'd love for you to find a single one that would lend someone with no income and no assets tens of thousands of dollars in an unsecured loan. I didn't even mention the fact that there's absolutely no guarantee the person will complete the degree.

That's just not how the real world works. Before we can even talk about how to make education more affordable we all need to be looking at finance as it works in reality.

 

[waggy]

i don't mind the government involvement. No they should not be making a profit on it.

 

[Zorkorist]

How many people do you know that work in finance? I'd love for you to find a single one that would lend someone with no income and no assets tens of thousands of dollars in an unsecured loan. I didn't even mention the fact that there's absolutely no guarantee the person will complete the degree.

That's just not how the real world works. Before we can even talk about how to make education more affordable we all need to be looking at finance as it works in reality.

How much time have you spent as a person going to college?

I was there, and found a way to have shelter and food while studying my education.

It's not that hard, if you don't have $300 text books, HUGE TUITIONS, etc.

-John

 

[Zorkorist]

Hyper-Inflation (shush -- no one say inflation) is here.

The Government spending more than it takes in, is hyper-inflation.

-John

 

[Zorkorist]

I don't think voting at the ballot box matters anymore. I think the system is too corrupt to make any lasting impact.

This is why we need to vote with our pocketbooks. We can make a difference if we all stick together and fight.

The Montgomery bus boycott was successful in the mid-1950's. We can do the same today.

I just don't think money matters to Government anymore, Korea.

They've illustrated by spending without end, that money isn't the issue.

"First you get the money,
then you get the woman,
then you get the power."

(Tony Montana, Scarface)


-John

 

[LegendKiller]

Hyper-Inflation (shush -- no one say inflation) is here.

The Government spending more than it takes in, is hyper-inflation.

-John

That has to be the most moronic definition of hyper inflation in history. Did you pull that out of a special "stupid" place specially for us?

 

[LegendKiller]

There is no profit in student loans.

 

[highland145]

How many people do you know that work in finance? I'd love for you to find a single one that would lend someone with no income and no assets tens of thousands of dollars in an unsecured loan. I didn't even mention the fact that there's absolutely no guarantee the person will complete the degree.

That's just not how the real world works. Before we can even talk about how to make education more affordable we all need to be looking at finance as it works in reality.

lol looking at more affordable...many people do not need government assistance for college. They need to find another path. Figure out that their "dream" isn't affordable. Dig a damned ditch to get some focus. I did, after I had an engineering degree.



So what happened before your government stepped in? Thought I already asked that....



Would you like to learn my industry?

 

[Zorkorist]

What would and could work is revolution.

I would go out tomorrow to fight the waste and downfall of Government today.

I do it every time I post on anandtech (thank you mods)

-John

 

[brycejones]

What would and could work is revolution.

I would go out tomorrow to fight the waste and downfall of Government today.

I do it every time I post on anandtech (thank you mods)

-John

Cool can you and stewox let us know in advance where and when you plan start your little crusade?

 

[Zorkorist]

That has to be the most moronic definition of hyper inflation in history. Did you pull that out of a special "stupid" place specially for us?

Ya think? You little tragic bump?

You think that because Government spends far beyond its income, that's a good thing?

;p;

-John

 

[highland145]

Ya think? You little tragic bump?

You think that because Government spends far beyond its income, that's a good thing?

;p;

-John

Wait, QE3 is good if you have a 401K....until the Wall Sreet'ers pull out. Suck it.