4 ms·

A couple solutions: 1. tuition money goes in escrow. It's refunded if the college goes under. It's paid out otherwise. 2. buy insurance. You get a payout of y

A couple solutions: 1. tuition money goes in escrow. It's refunded if the college goes under. It's paid out otherwise. 2. buy insurance. You get a payout of your tuition if the college fails.

fredsanford 8y ago
>>1. tuition money goes in escrow. It's refunded if the college goes under. It's paid out otherwise. 2. buy insurance. You get a payout of your tuition if the college fails.<< Adding 2 or more opportunities for the leech types to latch on and suck fees etc out of the system... Yeah... OK
dd36 8y ago
The colleges should have to carry insurance sufficient to cover the liability of failure.
deleted 8y ago
[deleted]
propter_hoc 8y ago
> 2. buy insurance. You get a payout of your tuition if the college fails. This is madness. Should you have to buy individual insurance in case your bank fails? Your city goes bankrupt? Your police department goes on strike? Regulating and maintaining institutions is the job of the government, not an expense to be passed on to private citizens.
- ataturk 8y ago
  FDIC and the credit union equivalent, which we pay for via taxes, so yes! Pretty much all US cities are bankrupt because of pension obligations, school districts, too. We are only in a make believe pretend world where the media refuses to report those facts, so we pretend that it isn't true, but just go look at any balance sheet and you can see pension obligations are blowing everything up. I don't care of police go on strike, they are merely the enforcers of mostly worthless government policy, not the protectors of the public, which is just another lie told by professional liars. I'm not saying I want vigilante justice, but it would be nice if actual crimes were investigated and pursued versus what actually takes place.
- skookumchuck 8y ago
  People buy insurance to mitigate financial risk all the time. There's nothing offensive about it. And a private business is fundamentally not a police department or a city government. We don't pay taxes to a private business, for example, and a private business doesn't make laws we have to follow.
  - kkarakk 8y ago
    buy insurance to make sure the food you bought at a restaurant tastes good
Taylor_OD 8y ago
> 2. buy insurance. You get a payout of your tuition if the college fails. I believe we're going to start seeing this is the education bubble doesnt pop soon. Not only for bankrupt colleges but for parents who are worried their kid will drop out after paying XXX in loans.
swebs 8y ago
3. Just go to a state school
- padseeker 8y ago
  Not all these people can even get into a state school, and some of the degrees they are getting are sub standard. You don't need 50K+ in loans to become a nursing assistant or culinary arts, and based on your job prospects you will have a great deal of difficulty generating enough income to pay off the loan. Many of these private schools are scams specifically designed to exploit the higher education financial aid system.

A couple solutions: 1. tuition money goes in escrow. It's refunded if the college goes under. It's paid out otherwise. 2. buy insurance. You get a payout of your tuition if the college fails.

fredsanford 8y ago

>>1. tuition money goes in escrow. It's refunded if the college goes under. It's paid out otherwise. 2. buy insurance. You get a payout of your tuition if the college fails.<< Adding 2 or more opportunities for the leech types to latch on and suck fees etc out of the system... Yeah... OK

dd36 8y ago

The colleges should have to carry insurance sufficient to cover the liability of failure.

deleted 8y ago

[deleted]

propter_hoc 8y ago

> 2. buy insurance. You get a payout of your tuition if the college fails. This is madness. Should you have to buy individual insurance in case your bank fails? Your city goes bankrupt? Your police department goes on strike? Regulating and maintaining institutions is the job of the government, not an expense to be passed on to private citizens.

ataturk 8y ago
FDIC and the credit union equivalent, which we pay for via taxes, so yes! Pretty much all US cities are bankrupt because of pension obligations, school districts, too. We are only in a make believe pretend world where the media refuses to report those facts, so we pretend that it isn't true, but just go look at any balance sheet and you can see pension obligations are blowing everything up. I don't care of police go on strike, they are merely the enforcers of mostly worthless government policy, not the protectors of the public, which is just another lie told by professional liars. I'm not saying I want vigilante justice, but it would be nice if actual crimes were investigated and pursued versus what actually takes place.
skookumchuck 8y ago
People buy insurance to mitigate financial risk all the time. There's nothing offensive about it. And a private business is fundamentally not a police department or a city government. We don't pay taxes to a private business, for example, and a private business doesn't make laws we have to follow.
- kkarakk 8y ago
  buy insurance to make sure the food you bought at a restaurant tastes good

Taylor_OD 8y ago

> 2. buy insurance. You get a payout of your tuition if the college fails. I believe we're going to start seeing this is the education bubble doesnt pop soon. Not only for bankrupt colleges but for parents who are worried their kid will drop out after paying XXX in loans.

swebs 8y ago

3. Just go to a state school

padseeker 8y ago
Not all these people can even get into a state school, and some of the degrees they are getting are sub standard. You don't need 50K+ in loans to become a nursing assistant or culinary arts, and based on your job prospects you will have a great deal of difficulty generating enough income to pay off the loan. Many of these private schools are scams specifically designed to exploit the higher education financial aid system.