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fix student loans I put myself through school on a student loan. I was very grateful for it. I was charged a reasonable tax deductible interest rate. So I'm cu
by ryanackley 15y ago
fix student loans
I put myself through school on a student loan. I was very grateful for it. I was charged a reasonable tax deductible interest rate. So I'm curious about what is actually broken?
- andrewpi 15y agoMassive inflation in tuition in the last 20-30 years.
- mkramlich 15y agobingo. plus a wide spread effort and propaganda from higher education proponents that misleads kids into pursuing "no job" degrees. philosophy? communications? women's studies? please. if you're going to spend big bucks, especially fellow tax payer dollars, spend it on something real and non-obvious at least, something you can't just self-educate on at home, in your free time.
- cantankerous 15y agoBoom! I can't agree with you more on the proponents of "no job" degrees. I've lost count of the number of students pursuing degrees in philo, comm, psych, sociology, and to some extent even undergraduate business degrees who give little or no thought to how these degrees will help them in the job market. Slightly less common are the people who know what they might want to do with their degree, but haven't investigated whether or not their plan is realistic.
- glimcat 15y agoMany public institutions have had their government funding drastically cut in the last few years. Simultaneously, there is plenty of support for student loans.
- estevez 15y agoThe lack of bankruptcy protection comes to mind.
- saryant 15y agoA college education is one of the few properties that can’t be repossessed in the event of bankruptcy.
- brerrabbit 15y agoThe investment itself should be tax deductible. The payments themselves should be rather than just the interest. If you freelance at night to pay off your loans, then you basically have to earn almost twice as much as you owe due to the taxation on the additional "income."