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> Colleagues from programs where these moves happened earlier have pointed out what the results have been: kids wind up with stellar grade point averages and gl
by arkh 5y ago
> Colleagues from programs where these moves happened earlier have pointed out what the results have been: kids wind up with stellar grade point averages and glowing recommendations, get into top colleges, and… drop out after about three weeks, saying that they feel like they’re years behind everyone else and don’t know what’s going on, because they are and they don’t.
There must a good way to describe this "school to life in debt" pipeline. Doing everything to get young people to go to college where they'll have to get a loan which the state will gladly guarantee, the college will take the money and debt collectors will be happy to setup decades long plans to get some interest back.
- bombcar 5y agoUsurious student debt should be mandated at 0% interest and only paid back via a percentage of income. And such this would require it be issued by the state (as no company would want to) and you could tune it so that it would have to be paid back in 15 years (say) or be forgiven - and so offering it to people likely to end up in middling income jobs wouldn’t be worth while. And make it so that if it doesn’t get paid back the college is the one out the money, too. And suddenly the problem solves itself quite quickly.
- zzzzzzzza 5y agothe more you extend debt financing for a given thing the more expensive something gets... mortgages or student debt. debt is where new money comes from in our financial system... now the second part of your proposal, would be interesting. but in practice if you combine both parts probably they would extremely aggressively filter students