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How does switching from cheap loans to free tuition change anything? The costs will still be out of control. With housing it is secured against the value of th
by pkaye 10y ago
How does switching from cheap loans to free tuition change anything? The costs will still be out of control.
With housing it is secured against the value of the house but with education there is nothing.
- toomuchtodo 10y agoIf you pay for it directly, you control the costs. No different then single payer healthcare. Also, credit card and personal loan debt is unsecured; we don't prohibit that from being discharged in bankruptcy. Student loan debt is the only debt that can't be discharged.
- pkaye 10y agoThen why don't student use a credit or personal loan to pay for their education?
- toomuchtodo 10y agoBecause they don't have enough credit history to do so. You can get a credit card for a few thousand dollars with no credit history. Not tens of thousands of dollars. The problem isn't the debt type. The problem is the government needs to use its regulatory authority to enable cost controls on education.
- pkaye 10y agoAnd that is the difference between a credit card/personal loan and a education loan. The student doesn't have enough history. Nothing stops anyone from forming a business that gives students a loan with is dischargable in bankruptcy except that business may have a tough time staying solvent.
- pkaye 10y agoI can't reply to you post below but do agree that cost control is the key. But giving free tuition is not the answer to cost control. It needs to be something more.
- toomuchtodo 10y ago> But giving free tuition is not the answer to cost control. It needs to be something more. Why? Why would education be no different than any other sunk cost, like a military or transportation infrastructure?
- pkaye 10y agoIn most other spending, the government tends to negotiate. There are requirements on the bidder and the bidder with the lowest bid wins. Example of cost control. What do propose as a similar mechanism in education?
- dikdik 10y agoWas your high school outrageously expensive???? I went to one of the best in my state, it was public and free (minus book rental fees).
- zaroth 10y agoWhy do you think your high school education was free?
- dikdik 10y agoTaxes? Ya'know the same way we used to fund most of higher education. But we've cut a large portion of tax funding for higher ed in the last several decades. The job market requires more skills and education (apparently) and for whatever reason government officials have decided to make it more difficult for citizens to acquire those skills.
- toomuchtodo 10y ago> The job market requires more skills and education (apparently) and for whatever reason government officials have decided to make it more difficult for citizens to acquire those skills. "Bootstraps"
- namlem 10y agoMy public high school was extremely expensive. Public schools are paid for by property tax in the US and taxes in my home town were extremely high. Most of that went to fund the extremely competitive and highly ranked school system.