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> We as a society (and taxpayers) should not help people pay rip-offs The solution here appears to be that the government should not be involved with subsidisi
by kaashif 4y ago
> We as a society (and taxpayers) should not help people pay rip-offs
The solution here appears to be that the government should not be involved with subsidising or backing student loans at all. Then you have a free choice - invest in student loans if you want to "help people pay rip offs" or don't if you don't.
- bee_rider 4y agoAs a country, particularly one with an advanced economy, we need to subsidize education in order to remain competitive. Generally the left would have preferred to just directly subsidize schools by giving them money, but instead we have the compromise plan of student loans. And boy is our system compromised!
- lotsofpulp 4y agoWe have the compromise plan of transferring future cash flow of students and taxpayers in the case of defaulted borrowers into the pockets of college administrators. All under the guise of “helping” students while keeping taxes low.
- NonNefarious 4y agoThere's more. Colleges that perpetrate these rip-offs should lose their tax-exempt status. Otherwise, we all continue to subsidize them. A lot of these schools wallow in obscene endowments and own a shitload of prime real estate, while paying no taxes and bringing in loads of money on sports. It's time to bring them to heel.