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I wonder what percentage of the current population would be unable to attend school under your model. If you couldn’t get a loan, you couldn’t attend or you wou
by moorhosj 8y ago
I wonder what percentage of the current population would be unable to attend school under your model. If you couldn’t get a loan, you couldn’t attend or you would have currency exchange level interest rates for the poor.
Other countries have a more socialized system and still maintain lower costs (same as healthcare). Maybe the problems actually lie elsewhere.
- seibelj 8y agoI’m talking about for-profit colleges. If you want a socialized model where profit isn’t the goal, the game changes, but I would argue that ostensibly “non-profit” colleges (and other types of non-profits as well) are considered for-profit by the people who earn salaries, especially the upper echelon of employees with 7 figure salaries. They are non-profits in terms of goals and not having shareholders, but the employees earning money are incentivized to keep revenues flowing. Although for-profit colleges are the most egregious, the absurd rise in tuition across the entire education industry is driven by government-backed loans that cannot be discharged. If we moved the loan system to the private sector, and forced hard decisions to be made about the cost/benefit of education, there would be short-term disruption but longterm stability.