4 ms·

Then those schools will be disincentivized to charge people for degrees that won't pay for themselves, which is good which will result in more people going int

Then those schools will be disincentivized to charge people for degrees that won't pay for themselves, which is good which will result in more people going into degrees where people can be employed quickly at solid wages, which is good which will result in a scarcity of people going into the fields you mentioned, which will increase the wages in those fields which will incentivize people to go into them this, like most things, is a supply and demand problem, and we have created too much supply in certain areas

dnadler 6y ago
They will also be disincentivized to offer those degrees at all. Which, IMO is definitely not good. Obviously these issues are nuanced and complicated...
- lotsofpulp 6y ago
  They’re not nuanced or complicated. If society (taxpayers) want the benefit of a populace educated in those fields, they need to pay for them by funding schools.
  - tesmar2 6y ago
    > they need to pay for them by funding schools I want a populace educated in those fields, and there are much betters way to do it than robbing the citizenry. One way might be to agree to work for a company afterwards who might pay for it, another to join the army in exchange for paying for it. Another might be to stop ensuring loans so that prices fall and become attainable to someone working part-time and going to school. Loans become not such a burden then, if you even want them. Lots of ways.
    - lotsofpulp 6y ago
      Such as?
      - tesmar2 6y ago
        Edited with examples.
theevilsharpie 6y ago
Even if schools could accurately estimate the "value" of a degree based on expected future earnings, that estimate is going to be affected by a potential student's employability, and the risk that the student may not complete the program. "Tie student loan funding to the value of a degree" is a fantasy. In the real world, what would actually happen is that student loans would become limited to those who could put up some sort of collateral, which for the figures involved involved in a typical college education would largely limit it to the already-wealthy.
- lotsofpulp 6y ago
  If the goal is to provide the non wealthy with the ability to attend higher education facilities, then scholarships or grants or taxpayer funding for the school is the proper method. Giving out blank check loans with no underwriting standards does not help the non wealthy. It results in what has already happened in the US, schools collect as much tuition money as they can since why not, and the non wealthy end up indebted for the rest of their life.
  - imtringued 6y ago
    This is also the same reason that payday loans are predatory. You are giving someone a loan who has been rejected by all other credit institutions. The only reason why you are giving that person a loan is because you want to take advantage of their weaknesses and make a profit out of their misery. The only real way to help is by giving out money that they don't have to pay back.

dnadler 6y ago

They will also be disincentivized to offer those degrees at all. Which, IMO is definitely not good. Obviously these issues are nuanced and complicated...

lotsofpulp 6y ago
They’re not nuanced or complicated. If society (taxpayers) want the benefit of a populace educated in those fields, they need to pay for them by funding schools.
- tesmar2 6y ago
  > they need to pay for them by funding schools I want a populace educated in those fields, and there are much betters way to do it than robbing the citizenry. One way might be to agree to work for a company afterwards who might pay for it, another to join the army in exchange for paying for it. Another might be to stop ensuring loans so that prices fall and become attainable to someone working part-time and going to school. Loans become not such a burden then, if you even want them. Lots of ways.
  - lotsofpulp 6y ago
    Such as?
    - tesmar2 6y ago
      Edited with examples.

theevilsharpie 6y ago

Even if schools could accurately estimate the "value" of a degree based on expected future earnings, that estimate is going to be affected by a potential student's employability, and the risk that the student may not complete the program. "Tie student loan funding to the value of a degree" is a fantasy. In the real world, what would actually happen is that student loans would become limited to those who could put up some sort of collateral, which for the figures involved involved in a typical college education would largely limit it to the already-wealthy.

lotsofpulp 6y ago
If the goal is to provide the non wealthy with the ability to attend higher education facilities, then scholarships or grants or taxpayer funding for the school is the proper method. Giving out blank check loans with no underwriting standards does not help the non wealthy. It results in what has already happened in the US, schools collect as much tuition money as they can since why not, and the non wealthy end up indebted for the rest of their life.
- imtringued 6y ago
  This is also the same reason that payday loans are predatory. You are giving someone a loan who has been rejected by all other credit institutions. The only reason why you are giving that person a loan is because you want to take advantage of their weaknesses and make a profit out of their misery. The only real way to help is by giving out money that they don't have to pay back.