Couldn't this whole student loan crisis be avoided if the government stopped giving out loans to people pursuing degrees that won't get them a job after college (most college degrees)?
Perhaps there should be a requirement where there is actual job demand prior to being awarded a loan. (STEM, Medical, Supply Chain Management, etc.)
All my friends who are in crippling student loan debt act like it's the government's fault they took out a $100k loan for their theater or horticulture degree. Nobody forced them to do anything. Did they really think their sociology degree would prevent them from a life of making people's coffees for the rest of their lives?
Giving out loans to any student with a pulse pursuing any degree, regardless of whether or not there is demand in the field is retarded and whatever fate is in store for irresponsible government aid to people who pursue worthless pieces of paper is deserved.
Because it's not about a knowledgeable workforce with marketable skills, it's about artificially inflating the economy through one of the biggest industries there is: tertiary education. All those buildings, computers and equipment, staff - not just professors, but administrators, marketers, janitors, security staff. Education is a government subsidized industry.
Now, yes, they could restrict loans just to those which were judged to be jobs for which there was more demand but also wouldn't that push down net wages in those jobs? Doesn't that kind of undermine the purpose.
> Nobody forced them to do anything. Did they really think their sociology degree would prevent them from a life of making people's coffees for the rest of their lives? Wrong, it's because when you're 18 you are totally unqualified to make the decisions that will affect the trajectory of the rest of your life, but society says you need to "go to college" - yes they made bad decisions, so what!? they were fucking 18. They weren't allowed to drink yet, yet expected to define the career that will define at least half of their adult life!?
The system is flawed, fundamentally flawed, but you're asking the wrong questions. if anything you should be asking "how can we get more 18 year olds INTERESTED IN STEM" wouldn't that require less policy change, cause less defaults and bad debt? Not to mention just being plain easier?
Ryder Green
Why not just gas the kikes and race war now?
Michael Ross
STEM is a meme. The liberal arts degrees with no clear career path can lead to high paying careers in fields like Law if they use it as a stepping stone to an advanced degree. The way to fix the “student loan crisis” is complex. Stop telling everyone they need to go to college, stop giving loans to all the blacks and Hispanics who can’t hack it, and stop incentivizing universities to raise their fees by double digits every year and fleece students by replacing huge loan programs reasonable grants that never need to be paid back.
Noah Nguyen
Old enough to vote, old enough to be accountable for your choices
Cooper Carter
No, that would still be stupid What would fix the system is making student loans be eligible for bankruptcy. You see, if you didn't know, student loans are ETERNAL, it doesn't matter how bad it gets you can't EVER write them off. A regular loan can be written off if you file for bankruptcy, sure it will ruin your credit score for 7 years or whatever bs but after then it's basically clean slate. This keeps creditors on their toes, if they don't reasonably expect you to use that money effectively and pay off the loan, they won't give you a loan. With student loans it's different, (((they))) saddle young stupid people with 100k debts that will NEVER EVER be paid off, and then have a slice of that person's paycheck for life, risk-free, which in the long-term vastly overshadows the initial. The universities are indirectly complicit in this scheme, they just saw that they could charge whatever they want because kids would take loans to pay it anyways.
Make student loans defaultable and you'll see a slew of genderqueersciencetransfeminism courses simply die out of starvation, since no bank would give a loan to someone who is sure to default after a couple of years
Elijah Bell
>Wrong, it's because when you're 18 you are totally unqualified to make the decisions that will affect the trajectory of the rest of your life, but society says you need to "go to college" I get this but I don't know what's supposed to be the reasonable solution. Like what, you let them have a sabbatical to figure shit out and decide? It's going to be a wasted year anyways.
Connor Jones
False dichotomy - 18 year olds collectively only make a small percentage of a vote that will only affect a 4 year term, we're talking about 100% of the vote of one's own life for the duration of their entire life. If anything it's just an argument to raise the voting age. People make bad decisions when they're young. Not that I would argue for that...
Good question, why not just push college to be in one's late 20's? You graduate from high school, join the workforce either as an apprentice or working at McDonalds or whatever, gain some life experience, learn to pay bills, learn what priorities are, drift away from your high school friendship group and get a firmer idea of your identity, and then at age 24-26 you enroll into college, everyone else the same age but you have 6-8 years of "adulting" under your belt.
However, let me counter that nothing about this will change. There is too much inertia in the system to actually make it happen.
Jordan Morales
>People make bad decisions when they're young. People make bad decisions all the time, no matter the age.
Mason Collins
What is with your binary thinking? The amount of mistakes a person makes over time (for most mentally healthy people) diminishes as they gain more experience, encounter more situations and recognize patterns and develop optimal strategies to deal with them. You're arguing is tantamount to saying that people die in car crashes, so let's not bother with seat belts.
Thanks for the thoughtful response. I just finished my double major in chemical and nuclear engineering in 2017 (at age 28), after a full 6 years in college including dropping out at age 20, and multiple major changes.
You're absolutely right that no 18 year old is qualified to make that decision. The fact that most scholarships can only be claimed if college is started immediately after high school also exacerbates this problem. I had no fucking clue what I wanted to do the first go round but my parents told me I had to go to college so I just did what they told me and it was a disaster. I had to work and barely scrape by for 4 years to realize I wanted a better life. I only have 27k in student loans and a 110k/ year job now and its only because I took the time off and gained the motivation and work ethic to figure out what I wanted in life and how to achieve it.
Jack Martin
Aside from some engineering lab fees, my double major cost the same per year as a sociology degree or history degree.
One of the cool things about going to college older is that chicks look up to you a bit. I got so much ass it was unreal. And these Boomer memes about showing up at high school parties and shit aren't true. I partied with mostly 18-22 year olds when I went back to college at age 25-28 and even did my first keg stand at a frat house at 25. College was probably the best time of my life, and it was a result of going when I was financially stable, mentally mature, and understood the motivation it takes to succeed.
the whole problem actually stems from retards saying that college is the new high school so u see the brainlets crying that they got a scam degree when the reality is they wouldn't have a chance of getting an actual useful degree anyways. i'd say just stop affirmative action overall and cut down on the overall loans given out and the situation should solve itself
Ryder Harris
>when you're 18 you are totally unqualified to make the decisions that will affect the trajectory of the rest of your life
There is another aspect to it. People can be very mature at 18 and also at an even younger age if they were raised properly in their childhood. The combination of being 18 years old and still being a child is a rather recent phenomenon that did not exist when age restrictions for taking out a loan were set.
Juan Flores
Apparently the voting age will soon be increased too, so that's not going to work as an argument anymore. Oh, and the age that someone becomes an adult is slowly being increased. I think Soon everything but military will be 21. They just added smoking to that list recently.
Landon Hughes
now its time for law school
Ryan Thomas
But there's scientific evidence that shows the brain continues to develop until 25, particularly the areas of the brain used for decision making. IMO everything should be raised to 25 to support this research. I act like a completely different person now than when I was 20 and going to college.
Thomas Moore
Dude the who economy is based on dept and y saying without shit still work? Lul
If loans weren’t given out to liberal arts kids we might never have had a Sergey
Hunter Baker
Unironically, I am considering this. There is a school of law in my city, but I am considering applying to some ivy leagues just for shits and giggles. I am hoping to make enough in crypto to afford law school and living expenses for the entire time. (Had a quarter million in January only worth 60k now. Really regret not selling) but I'll work for another year as an engineer and start applying.
Gabriel Bell
Out of curiosity, the main thing deterring me from law school right now is 3 years of little to no income and more debt. I own a home, have little debt, but am enjoying the lifestyle my salary is affording. I have military experience and with my job I'll be earning 150-200k per year in the next 3 years. I want to go to law school badly but based on my research the salary potential won't justify 3 years of more school that I will likely have to pay for and have little to no salary during that time. Even though my job is boring now (it's like watching paint dry) I get to work with some of the most amazing equipment I've ever seen.
We will see where life takes me, but I'd love to go to law school.
Christian Baker
no. the government needs to get out of lending in all capacities and let lenders fail when they misjudge risk
Christopher Davis
>STEM is a meme. The liberal arts degrees with no clear career path can lead to high paying careers in fields like Law if they use it as a stepping stone to an advanced degree. This. The people who should be going into STEM are literal autists who want to live and breathe their fields. If Joe Schmoe goes into CS, he is going to get blown out by Chang who does nothing but program for 14 hours a day.