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Agreed, 100%! > That is require educational institutions themselves to finance and hold part of the student loans used to pay for their programs. Wouldn't thi
by throwawayjava 9y ago
Agreed, 100%!
> That is require educational institutions themselves to finance and hold part of the student loans used to pay for their programs.
Wouldn't this requirement make "17%" institutions illegal? I think the 17% approach is reasonable. IMO coding schools should be allowed to offer bona fide diplomas. Maybe not Bachelor's Degrees, but they should be able to get accredited and be eligible for GI bill etc.
The last thing higher ed needs is even larger moats.
So, skin in the game -- absolutely! But not at the expense of making it even harder for new players to enter the market.
- bradleyjg 9y agoI would think that the skin in the game requirement would be tied into eligibility for federal student loans. Since a 17% institution wouldn't be using those it wouldn't impact them. I agree that model is even better at aligning incentives and shouldn't be forbidden.
- chrisseaton 9y agoWhat would a bona fide diploma be? A diploma is just a certificate that you have completed a course. It's not legally protected in any way is it?
- throwawayjava 9y agoIt's not the certification of the student that matters; it's the accreditation of the company providing the education! You can't use your GI bill benefits or subsidized student loans at most coding schools. That's a shame in cases where the coding school is high quality! If the coding school is an accredited degree-granting institution, then federal/state assistance can be used to pay for the education.