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I'm fine if costs stay where they are....as long as there is a mandatory forgiveness 15 or so years past graduation. Then lenders will discriminate based on ma

by gte910h 13y ago

I'm fine if costs stay where they are....as long as there is a mandatory forgiveness 15 or so years past graduation. Then lenders will discriminate based on major (as it should be) and not fund english degrees and other such things that we have a glut of.

Zimahl 13y ago
The problem is costs won't stay where they are, they just keep climbing for no reason. The quality is only marginally better, if that. It is one thing if the states are covering less tuition for their constituents that would make the cost rise make sense, but out-of-state tuition has almost doubled since I started college back in the mid-90s. Here's the problem. My alma mater is Washington State. They want to be a 'world class' college and it's a nice goal, but that's not the point of the state system. World class costs way too much money for little benefit. I'm not saying aim low, but be realistic. The job of a state institution is to provide an affordable opportunity for those who might not have otherwise. It's not Harvard or Stanford but it's accessible and it allows for upward mobility.
- at-fates-hands 13y ago
  >> It's not Harvard or Stanford but it's accessible and it allows for upward mobility. Agreed. I came from a state university as well. It wasn't MIT or CalTech, but I had plenty of roommates with engineering degrees who landed gigs at LockHeed Martin, 3M, and BP. They used to tell me straight up they didn't care about their pedigree, they wanted an affordable, solid education. Once they were hired, they convinced their employers to let them go back and get their masters, all paid for of course by the company. Something a LOT of people forget about and take for granted. But it all starts with an affordable state university education.
danielweber 13y ago
Why 15 years? Let people declare bankruptcy and cancel all their loans. The worry back in the 70's was that people would get a lot of loans and then declare bankruptcy after graduation and then no one would lend money and no one would afford school. I can see why they were worried about that. We got something much much much worse. If students could declare bankruptcy, people would still make educational loans, but only for a few thousand dollars. Schools would have to lower prices.
- gte910h 13y ago
  I believe that's the period Australia's program has. In addition it also caps repayment at a fraction of income. I was suggesting a system that's working. (I've had it explained to me, I'm not an Australian).

by gte910h 13y ago

Zimahl 13y ago

The problem is costs won't stay where they are, they just keep climbing for no reason. The quality is only marginally better, if that. It is one thing if the states are covering less tuition for their constituents that would make the cost rise make sense, but out-of-state tuition has almost doubled since I started college back in the mid-90s. Here's the problem. My alma mater is Washington State. They want to be a 'world class' college and it's a nice goal, but that's not the point of the state system. World class costs way too much money for little benefit. I'm not saying aim low, but be realistic. The job of a state institution is to provide an affordable opportunity for those who might not have otherwise. It's not Harvard or Stanford but it's accessible and it allows for upward mobility.

at-fates-hands 13y ago
>> It's not Harvard or Stanford but it's accessible and it allows for upward mobility. Agreed. I came from a state university as well. It wasn't MIT or CalTech, but I had plenty of roommates with engineering degrees who landed gigs at LockHeed Martin, 3M, and BP. They used to tell me straight up they didn't care about their pedigree, they wanted an affordable, solid education. Once they were hired, they convinced their employers to let them go back and get their masters, all paid for of course by the company. Something a LOT of people forget about and take for granted. But it all starts with an affordable state university education.

danielweber 13y ago

Why 15 years? Let people declare bankruptcy and cancel all their loans. The worry back in the 70's was that people would get a lot of loans and then declare bankruptcy after graduation and then no one would lend money and no one would afford school. I can see why they were worried about that. We got something much much much worse. If students could declare bankruptcy, people would still make educational loans, but only for a few thousand dollars. Schools would have to lower prices.

gte910h 13y ago
I believe that's the period Australia's program has. In addition it also caps repayment at a fraction of income. I was suggesting a system that's working. (I've had it explained to me, I'm not an Australian).