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FWIW, people from non-US countries looking at this situation are not thinking the problem is that policies are “too nice” to students. Other countries are thin
by epgui 2y ago
FWIW, people from non-US countries looking at this situation are not thinking the problem is that policies are “too nice” to students.
Other countries are thinking that the cost of post-secondary education in the US is insane.
- ta988 2y agoAnd then you tell them about the number of administrators and the salaries of faculty and staff and it blows their mind even more.
- bee_rider 2y agoIt isn’t a matter of the level of niceness really, in the sense that it was a bad decision (not funding public education) compounded by a half-assed compromise (a special type of unique load which can’t be discharged through bankruptcy, our normal system to incentivize prudent loan issuing). We often throw people to the wolves in the US, which is a whole thing, but we don’t usually give the wolves immunity to fighting back like this.
- epgui 2y agoWe can talk about the incentive structures of loans all day, but what I’m saying is that if you take a step back, that problem is dwarfed by the broader incentive structure of a system where education costs 30-100k per year.
- bee_rider 2y agoI suspect the prices are a symptom of the underlying loan problem. Young adults would not be able to secure 100k/semester loans in a rational market that has to account for the fact that they might not be able to pay them back. We should also subsidize education, definitely. But I first step should be to not intentionally mess things up.