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Greed. Get ready because they’re coming for free public k-12 next.
Nah. They just want to cut funding, not cut it completely. They need the dumb kids to grow up to be dumb workers and dumb voters. And to keep their own children in private schools to continue to rule over the poors.
Ah, but cutting it completely means they could potentially go back to child labour, and they’ve already been trying to set the ground work for it
You must live in a state where charter schools aren’t part of normal political discourse. It is happening, and it is what they’re striving for. They want the private schools, yes, but the mostly want unregulated for-profit religious charter schools where there is no oversight in what kids are taught (or if they’re taught)
There’s a real and important underlying reason you’re completely missing.
How Did This Happen?
College loans are not dischargeable in bankruptcy. Simple as that.
With lenders knowing that the government will make sure they get paid, they’re happy to loan out any amount of money to anyone regardless of credit worthiness, because they take on literally zero risk.
Then colleges realize the same, and jack up their prices in turn. The feedback loop brings us to where we are today. There is no market (or other) force putting any downward pressure on tuition costs, at all. This is the inevitable result.
College loans are not dischargeable in bankruptcy. Simple as that.
Yes Biden is basically running on the idea of solving a lot of the problems he created. He spent most of his life in government. Those of us who are informed came to terms with that in 2020
Not so much “came to terms” with it as much as “this dumb motherfucker is the only way we escape Trump. I hate him and his policies but I’ll vote for him I fucking guess.” Just like where we are now, but now many are even more pissed because it was already supposed to be just one term of a lesser evil before we’d have new options. Now goal posts are being moved and we all have to do it AGAIN for an asshole like Joe Biden who does not deserve it.
Why can’t these old fuckers just die already?
It’s going to be “lesser evil” for 20 more elections. Count on it.
Seems that way. It’s been pretty much how the DNC has operated for the last 20, so why would they change what’s been working for them?
Considering the staggering losses of state seats during that time, I’m not sure it has been working for them particularly well.
They’ve sure done a lot of fundraising in that time though!
Bold to assume we won’t go extinct before the time needed to hold 20 more of these elections.
Ain’t that convenient huh!
None of us can see the future. Doing something in 2005 maybe made some sense at the time. Now he can see the chain from there to now and realizes it wasn’t good or needs fixing. It’s better than ignoring it.
Plenty of people knew what he did was armful read the article I posted. He was getting paid by the banks and credit lenders at the time. Super ethical dude.
This isn’t the first time. He’s just as responsible for the rise in incarceration. He tried to vote in a constitutional amendment to make sure states could overturn Roe v Wade. He was pro capital punishment until like five years ago. He did so much horrible shit over the years it’s hard to keep up.
But now it’s trust me bro, just vote for me one more time and I’ll undo all the horrible shit I did
Damn. Don’t hurt ‘em.
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Yes this is generally true but I don’t feel like it’s fair to the colleges/universities who work to keep tuition and tuition increases in check. There are lots of decent public universities that have more reasonable tuition. The public university in my smallish city is about 10k a year for in-state. Not necessarily saying that’s ideal for everyone or cheap but it’s a far cry from these places pushing it to 40, 60, 100+k a year.
Also important to point out that we slashed Public Funding of these universities and that’s why the prices are going up in large part
A system with only positive feedback inevitably ends up unstable.
Pegged to an extreme at best
Ronald Reagan. That’s how this happened.
When it comes to Reagan I feel bad for dementia having to be inside him.
I’m sad that he died unable to remember what a horrible person he was.
He never thought he was horrible, so instead celebrate he was confused and horrified at the end :D
Honestly I can’t think of a single other person who I heard about their dementia and thought ‘good’
Not that simple. This got started before he took office, and it culminated long after he was out of office. Way more than one person is to blame.
https://www.tateesq.com/learn/student-loan-bankruptcy-law-history
Student loans first became nondischargeable in bankruptcy in 1976 due to an amendment in the Higher Education Act. Section 439A of this act made student loan debt non-dischargeable until five years after the start of the repayment period, except in cases of undue hardship. Over time, laws were tweaked and widened to reinforce this limitation.
This got started when he went after Berkeley as the candidate for governor of California, then became worse when he was governor, then other governors copied his playbook, then laws were enacted to roll it nationwide, then got worse when he became president. Prior to Reagan becoming governor of California all state universities were free for residents in California. Reagan hated this because it led to poor minorities being able to get an education, and he hated nothing more than he hated poor minorities.
You listened to this week’s Behind the Bastards too?
I was going to start watching that channel when it showed up in my feed, but then I decided against it because I don’t want to get more pissed off at everything than I already am.
It can be brutal for sure. Sometimes it’s shitheads from a while ago, so it doesn’t induce quite as much rage.
I have a lot more rage towards the capitalist system rather than just the individuals who take advantage of it.
Ding ding ding! We have a winner!
Maybe stop paying the coaches so much?
this is a gross reality no one wants to admit… that the highest paid government officials in some states are coaches for state schools.
we prioritize sports and ‘revenue’ over education ever time. humans suck
I agree, but that ain’t gonna fix $1.7 trillion in student loan debt.
They aren’t really worried about that ¯\_(ツ)_/¯
Eh, that’s only an issue in D1 schools. Many elite universities don’t have that issue and they are still insanely expensive.
In B4 TiCkEt SaLeS… as if the university couldn’t use that money for literally anything else.
I have accomplished very little in my life.
I have pissed off innumerable people, been ostracized, ghosted, fired, disowned, discarded, and deserved all of it.
I have never lived up to my potential. I’ve got less than zero ambition.
I have been a historically awful husband and/or boyfriend.
But I accomplished one thing:
I got my daughter through college with no debt.
While she did the work to get admitted and slog through the classes and deal with the remote classroom bullshit of the COVID era, I’m proud that I was able to pull my shit together just long enough to keep writing those godforsaken checks so she will never know the struggle of being shackled to a lifetime of crippling debt.
I did one good thing in this lifetime, and because it gave her opportunity, it was all worth it.
It’s stories like this that make me thankful that my children have EU citizenship and will never have to struggle through college debt and neither will we as their parents.
It’s comments like this that make me happy i didn’t have kids (as a usa citizen)
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My school was expensive but was marketed as cheaper. It was cheaper through scholarship, factored in Pell grants and did not comsider the extra fees from bureaucracy.
The problem is that when you try to work while paying for school the grants go down and you pay more and still struggle.
While you do this you see your school build a sports stadium and see host extravagant dinners with business clients. You see how much the president or dean makes and how much the professors make.
I gave up and transferred to a non-profit university and the experience was night and day. It was affordable and the staff worked for you.
Look down at community colleges all day but I work with people doing the same job making the same pay (know your rights) but i don’t have 35 years of debt.
I got into University - they wanted $8,000/semester. Community College across the street offered 4 year degrees for $1200/semester.
Agreed! Community colleges are great, although the local one I attended was not without extraneous fees.
Holy shit dude, for profits are fuckin terrible. Although, that being said, I don’t know of any for-profits that have sports teams or large stadiums.
And I would also add that academia doesn’t really pay that well, at least for professors. They could make much more in industry in a lot of cases
Any private university is for profit, they just don’t explicitly say it.
Ones that aren’t directly corporate run and owned by their shareholders just go through more steps to funnel money to the rich
Because there is no cap on student loans for the most part. Kids who just finished high school are sold on the concept of these loans without knowing what they are really getting into.
If a guy can’t legally buy a beer, then they should not legally be allowed to sign up for 6 figure loans either
Seems like an easy “hey you predators took advantage of me while I was young and naive” case.
And then watch all the self serving reasons why we allow this just catch on fire.
You think that hasn’t happened already, like nobody has ever had that thought?
That’s what the entire student loan forgiveness from Biden was about, trying to eliminate people’s payments towards predatory student loans.
There’s literally no market incentives for it to be otherwise. Look at the factors.
50+ years of institutions and borrowers alike trained to believe that education debt is “good debt” that won’t hurt them.
“Club ed” arms race of expensive non-education-related amenities, targeting students. Essentially it is marketing costs passed on to the student/borrower.
Heavy subsidization of student loans by state and federal governments.
Laws to make student loans not discharged in bankruptcy.
Constant implication that growing amounts of student debts can or should be “forgiven” by federal programs.
If you are the lending institution or the college, literally all of those factors only incentivize charging more.
Driving prices down would require meaningful competition or a feasible alternative. I have encouraged hiring managers to look at alternative credentialing and training for this reason. No bachelors degree is worth going $200k+ in debt for.
Regarding your last point, I was an IT manager for a decade and hired many people. I saw no difference in the skill set between a community college grad with an Associate’s and a grad with a Bachelor’s from a prestigious university. The vast majority of skills simply don’t translate from university to real life, so I don’t understand why we still hold them so highly in IT. I can’t speak to other fields, though.
I very intentionally received only an associate’s degree with the plan being to immediately get a job and start learning from there. It’s worked great. Except that was 20 years ago and now many jobs “require” a bachelor’s or otherwise have the nerve to say that 4 years of on the job experience is the same as 1 year of college.
In my experience, I’ve seen the same thing. The university time kick starts things. But university lessons are so different than real on the job work.
Or regulation.
Driving prices down would require meaningful competition, or a feasible alternative, or regulation.
(Feasible alternatives do exist, eg trades, but are not treated as viable alternatives by society)
Some states are ditching the bar exam for attorneys. You can become a lawyer by getting experience as a paralegal. It shouldn’t be much different for other professionals.
And people who actually do most of the work (aka grad students) are still not getting a living wage.
Support striking grad workers everyone! Search for the currently striking school, and donate to their strike fund if you can: https://duckduckgo.com/?q=support+grad+worker+strike&ia=web
That’s actually highly variable. Some schools have come a long way in that regard
AFAIK there is no school paying a living wage (based on MIT living wage calculator) to all their grad student yet, at least not in most major cities.
The grad workers union of JHU has just won a wage that is somewhat close to living wage, but not there yet.
Depends if you factor all the free credits in ig
The problem is that most grad students are not taking classes after the first two years, and focus solely on research. Many with masters will finish with classes even sooner.
Then it doesn’t make sense to factor in the tuition for most PhD.
Plus, I am referring to living wages calculated without factoring in any educational cost or child care cost. If they are included, the living wage will be much higher.
It all started when they outlawed bankruptcy discharging student loans. Cry and cry over “Lawyers will graduate from college then immediately declare bankruptcy on $5000 loans!”. Then, when they captured the students in inescapable debt, convinced everyone that college was the answer, and then Sallie May being put in charge of defaulted loans… being paid to collect… Federally guaranteed money… It’s like getting paid to get paid, perfect racket!
Greed. It happened because for-profit schools are allowed to exist.
For-profits aren’t really the problem though. They are a tiny tiny tiny fraction of higher ed. And Obama went after them pretty hard
Fro profit schools are not the cause.
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My money is on government bailouts that are never gonna be payed back for the people running the institutions (not the teachers or any of the staff that actualy do things).
I am going to riot if there is another bailout, I am so sick of that shit. The government should be buying these distressed properties at fire sale prices, firing management for running it into the ground, and fining the boards for running it into the ground.
Eat the rich.
