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Why not move from a pre-paid to a post-paid system? The government stops writing blank cheques. The students enroll for free, signing a 30-year mortgage like co
by darth_avocado 6y ago
Why not move from a pre-paid to a post-paid system? The government stops writing blank cheques. The students enroll for free, signing a 30-year mortgage like contract, that would say pledge 1% of your post tax earnings to the school/university you went to. Universities will then have incentives to remove the programs that don't have as much of a use in the modern day and age, and add the ones that are needed. The government can then use all that money saved to fund programs that don't bring as much revenue to the university but are necessary for the country.
I mean imagine graduating debt free and instead, just paying a small extra tax. People would be able to focus on creating more wealth instead of being underemployed so that they can pay their bills.
- choward 6y agoWouldn't all colleges just become trade schools at that point?
- sbierwagen 6y agoYes.
- darth_avocado 6y agoAnd what's wrong with that? I mean what values do colleges bring?
- the_af 6y ago> Universities will then have incentives to remove the programs that don't have as much of a use in the modern day and age Out of curiosity, can you name some examples of programs that in your opinion don't have much of a use today?
- darth_avocado 6y agoSay a degree in English. The point is not that it's not relevant in this day and age. The point is that we don't want as many people graduating with the degree. There's an estimated 1.5M people with that degree out there in the world, with about 60k new graduates being added to the pool every year. If the college has to choose between 1% of the salary of a doctor or say 1% of the salary someone who works in retail, the college would choose the former. Not all colleges would cull their programs, because there would still be a need for that degree in certain professions. It would just better align colleges with the market, ensuring you have a quality ROI if you choose to go for a college degree.