4 ms·

I graduated from a state school 10 years ago with $11,000 of debt. I worked two jobs, took 15 hours every semester, and paid that loan off in 8 years.. everyone

I graduated from a state school 10 years ago with $11,000 of debt. I worked two jobs, took 15 hours every semester, and paid that loan off in 8 years.. everyone has a different struggle, but it still boggles me how someone could have so much debt from education. Maybe there should be a cap on how much you can borrow.

readthenotes1 3y ago
Maybe the cap should be close to zero since the advent of loans and grants to college students was fairly swiftly followed by an incredible increase in the price of a secondary education in the United States. And some other countries, the secondary education is free, but there is a test. My understanding of politics in the United States is that would never fly.
- Simulacra 3y ago
  Very good point. The size of University bureaucracy has exploded. Someone suggested that when students don't pay back their loans, the universities should be on the hook. This could work but it might make higher education out of reach but for only the best, or limit majors to only those with "viable" career earnings. Whatever that would mean..
- nathan_compton 3y ago
  Where I grew up any student who could maintain a 3.5 or higher could go to a state school for free, no loans. I even got a stipend. So in some places it might work. [EDIT: to clarify, I grew up in the United States and in a not particularly progressive state.]
  - readthenotes1 3y ago
    If it were general policy, the minimum gpa these days would be 3.5 because anything different would go against the misguided "all students college-bound" dogma.
    - nathan_compton 3y ago
      I've never noticed any issue with GPT4.
beej71 3y ago
I graduated from a state school with a BS and MS 26 years ago with $2000 in debt that I paid off in full the instant it came due. Times have changed and not for the better, as you found out. There should be a cap and it should be $0.
6510 3y ago
It should depend on the type of study. It makes sense to collectively invest in productive education of the younglings, it makes sense to have lones for things less certain and it makes sense to not fund things with poor roi. Could also have a feedback loop so that educators get rewarded/punished for the success of their students (relative to the cost). If someone offers expensive education without career opportunities it seems fair to tax the shit out of it. It makes it more exclusive.

readthenotes1 3y ago

Maybe the cap should be close to zero since the advent of loans and grants to college students was fairly swiftly followed by an incredible increase in the price of a secondary education in the United States. And some other countries, the secondary education is free, but there is a test. My understanding of politics in the United States is that would never fly.

Simulacra 3y ago
Very good point. The size of University bureaucracy has exploded. Someone suggested that when students don't pay back their loans, the universities should be on the hook. This could work but it might make higher education out of reach but for only the best, or limit majors to only those with "viable" career earnings. Whatever that would mean..
nathan_compton 3y ago
Where I grew up any student who could maintain a 3.5 or higher could go to a state school for free, no loans. I even got a stipend. So in some places it might work. [EDIT: to clarify, I grew up in the United States and in a not particularly progressive state.]
- readthenotes1 3y ago
  If it were general policy, the minimum gpa these days would be 3.5 because anything different would go against the misguided "all students college-bound" dogma.
  - nathan_compton 3y ago
    I've never noticed any issue with GPT4.

beej71 3y ago

I graduated from a state school with a BS and MS 26 years ago with $2000 in debt that I paid off in full the instant it came due. Times have changed and not for the better, as you found out. There should be a cap and it should be $0.

6510 3y ago

It should depend on the type of study. It makes sense to collectively invest in productive education of the younglings, it makes sense to have lones for things less certain and it makes sense to not fund things with poor roi. Could also have a feedback loop so that educators get rewarded/punished for the success of their students (relative to the cost). If someone offers expensive education without career opportunities it seems fair to tax the shit out of it. It makes it more exclusive.