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What happens to the student loan system going forward? You can't declare a jubilee and then keep on giving out loans -- everyone will expect another jubilee and
by twblalock 8y ago
What happens to the student loan system going forward? You can't declare a jubilee and then keep on giving out loans -- everyone will expect another jubilee and there will be so little confidence in the system you might as well get rid of it.
Unless you have a replacement system to help people pay for college, and it is already operational, destroying the student loan system would guarantee that only rich kids get to go to college.
- pnathan 8y agoI said to make college free: tuition, room, and board, so long as you keep adequate grades. Stop the loan system entirely. Sorry, I must have been unclear.
- pkaye 8y agoI presume then the government will pay the cost of your education? What is to stop a university from raising the cost of tuition 10x?
- tijs 8y agofixed budgets. works fairly well for most european countries like e.g. germany; https://theconversation.com/how-germany-managed-to-abolish-university-tuition-fees-32529 https://theconversation.com/how-germany-managed-to-abolish-u...
- mrep 8y agoExcept when they have to compete for high value professors [0]. [0]: https://news.ycombinator.com/item?id=15600275 https://news.ycombinator.com/item?id=15600275
- s73v3r_ 8y agoWhat's to stop universities in countries where the government picks up the tab already from doing this?
- pkaye 8y agoI'm not sure of how universities are funded in other countries. If for example the government says they will provide a fixed amount per student (yearly adjusted for inflation, etc) that might be a good example of price control. Another thing is many university administrative staff are used to paying themselves outrageous salaries and pensions and they just feeds into the rising costs.
- kgwgk 8y agoThe universities are not really independent from the government: the state runs the university, its faculty and employees are civil servants, etc. Edit: I was thinking about private universities in the US, it’s true that public universities are already controlled by the same govermnents who pays most of their costs.
- s73v3r_ 8y agoThe same can be said here in the US.
- deleted 8y ago[deleted]
- AngryData 8y agoThe same thing as public schools, fixed prices per student.