I do not have a problem with Free college, but that would mean we would have to cut 100-200billion a year in military spending which is impossible to do it seems.
So this solution offers a good halfmeasure in preventing young americans into getting into insane debts they can never get out of until death.
a 40K cap on non essential degrees will allow them to persue those degrees, just not get stupid and end up with a 300K degree they cannot pay off.
And it would end up lowering prices over time by putting a cap on too much money chasing too few goods.
40K will cover any 4 year state degree of choice.
Who is the judge to say what is non essential?
show me those statistics.
you need free college.
You are definitely living in la la land, that's for sure
Might reduce the amount of medical doctors being produced quite significantly with a cap like that. Otherwise good work, too many people accumulate way too much student loan debt.
I'm not saying I have such statistics. I'm saying if they are doing loans for students, I guarantee it's something that they can look-up. And simply put, statistics do not lie.
Why not just make it affordable instead?!Cap non-essential degrees to 40K (ie things like womans studies,Media studies,acting,art,music,law,etc..)
This will prevent perpetual students from spending 10 years in college studying communications and amassing a 400K loan.
This will prevent ill-educated students from paying 200K for a 2 year art degree at Art institutes(private university).
Treat a college loan like a Margin loan. You can borrow up to a max of 40K. Anytime you lower you total loan amount, you can borrow again up to the max.
If you want to spend more than 40K then you are free to get a job, borrow against collateral etc..
seriously. Also, the definition of "non essential" is certainly quite objective, and with the fluidity of hiring that is accompanied by a wide area of degrees, the OP's notion of "useless" is laughable.
That being said, I do think there should either be greater encouragement in degrees that lead to more applied work: medicine, engineering, sciences, economics, public policy and/or a drastic improvement in counseling that educates potential students to the reality of the job climate and life as it pertains to your college career.
No more of this "take underwater basket weaving and still go to Medical school!" horseshit. It wasn't true 2 decades ago, and it still isn't true.
I think other areas of education and expertise, which are certainly valuable to society: art, sociology, trade work, philosophy, writing/english, general humanities subjects that frighten most ATers with low self esteem, should be separated into low-cost departments at the same schools, or differentiated entirely into separate colleges as a very different sort of education.
Business "school" should certainly be its own thing, or nothing at all really: if you are in school learning to "do business," then you already suck at business, frankly. And yet this is by far the most populated discipline in any college anywhere, yet no one complains about it. It's an intellectual dead end that teaches no skills that are best learned inherently or from simply doing.
Why not just make it affordable instead?!
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The problem isn't the availability of loans. The problem is the predatory nature of for-profit schooling.
Actually, the problem is the predatory nature of for-profit capitalism. (Not that I advocate socialism or any other system, but anyway.) We see the same issues in plenty of other necessary services, like medical for example.
It's really easy to go to school for 15k and still end up with 50k worth of loans when it's all said and done. Go ahead and ask me how I turned my 16k in student loans into 36k in student loans without ever asking for another dime once I graduated. I'll be paying off my loans well into the years when my first THREE kids hopefully start paying off their own loans because of it.
Life happens. Fact is necessary educations shouldn't be burdening people with a lifetime of debt in the first place.
It is affordable, you can take a 40K loan and get a degree in Art at your state university.
A 40k loan isn't affordable to most 18 year old kids. Hell, in this broken society, it's not affordable to their parents either. The enormous student loan debt isn't holistically amassed from ivy league school loans. The majority is from local state universities, and their total loans are already under 40k.
Average Student Loan Debt Approaches $30,000. About 70 percent of 2013 graduates left college with an average of $28,400 in debt. Average student loan debt continues to rise, but a lack of data may mask the true amounts.Nov 13, 2014
We could subsidize state universities to make college affordable, sort of like they do in civilized countries. I know this is a radical concept anymore, but our tax dollars are meant to BENEFIT the people, and not huge ass corporations on government welfare.
Read the quote again.Pssh. Average student debt is a terrible metric if it includes people who are 9 years into repayment.
Debt upon graduating is also a terrible metric because it seems to only be including debt under the students name and not parent plus loans and such.
The total cost of college is about $80k-$100k for your basic state university for 4 years, including everything. Housing, the occasional bullshitfrapachino from the library while studying, books, a laptop, tuition, whatever.
Why not just make it affordable instead?!
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Who is the judge to say what is non essential?
free public college. Then the private schools will need to compete with a free albeit lesser valued edu.
http://money.cnn.com/2015/12/09/new...b_homepage_deskrecommended_pool&iid=obnetwork
"Graduates studying lower paying majors such as arts, education and psychology face the highest risk of a negative return," notes Goldman. "For them, college may not increasingly be worth it."
Free RESIDENT public college. It should NOT be free for non-residents, they don't pay taxes.