Subsidizing education is what has made it so expensive.
You don't need the government for any of that though if someone is working for a degree that will allow good returns in the future private entities would be willing to loan them money. They would do it a lot more reasonably then the government ever will.
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04-07-2012, 10:34 AM #361
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04-07-2012, 10:49 AM #362
How can you be sure though man? And would these private lenders have more or less interest? Rates that is. And if that is so much better then why isn't it already being done? Did you see the Australian guys post up there and how his education is? I really think that is a reasonable way. The reality is that college has grown into a young persons " live it up no matter what" fairy tale ( I speak from experience lol) and they get loans in undergrad in some basketweaving major. They can't possibly think they are going to pay back these loans with the type of mindset they have. College is fairly easy to make good grades if you work hard enough. But I think if health and science majors had a cheaper education, then the liberal arts majors would probably just occupy cocksuck street and lobby for their cheaper education too. I think it's just human nature unfortunately.
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04-07-2012, 11:01 AM #363
People want to make money. It's just like getting a loan or investment to start a business the lenders/investors look at your plan or in this a case degree or grades then decide if its worth it. Obviously this would result in a lot less degrees in basket weaving but in fields that are in demand (doctors, engineers) would have no problem getting loans.
About interest rates, they would be affordable because they have to be no one will take an unaffordable loan or if they do the private entity will lose money when they can't pay it back (the government does not have this problem) Private groups will also be in competition with each other resulting in lower prices.
You shouldn't even need a loan to go to school. It is because of government involvement the cost has gotten so high that it is a lot harder to work your way through it.
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04-07-2012, 11:02 AM #364
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04-07-2012, 11:04 AM #365
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04-07-2012, 12:32 PM #366
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04-07-2012, 12:45 PM #367
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04-07-2012, 03:03 PM #368
Makes sense to me. I like the sound of it. I guess it will never happen though since it would actually benefit people I am confused now though. When I got loans, I got them through sallie Mae , but the lender was mutual of Omaha or something like that I forgot. So is this govt involvement or private?
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04-07-2012, 06:26 PM #369
|Yes that's exactly what I just outlined will do.
It was the way it used to work. (at least more so then today) Not sure exactly but they are very intertwined today for example I believe you can't get out of student loans even if you declare bankruptcy. Why worry about who your loaning to if there's no chance you won't get your money?
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04-07-2012, 07:11 PM #370
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