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16. I agree with Mike C

Thu Apr 10, 2014, 06:37 PM

Apr 2014

The student debt problem is the same as the housing bubble. House prices went through the roof because there was so much free money floating around that anyone could borrow.

Students can easily borrow all the money they want now and lenders have virtually no risk. Since there is lots of money available prices go up.

I think lots of schools charge based on the "how much can you borrow" model of pricing like housing was in 2006.

I think if bankruptcy was an option, lenders would take a look at the student and the amount loaned a little closer.

Colleges should be held accountable for low graduation rates too, maybe refund part of the total costs. Because now, they have no skin in the game. The school my daughter attended had a 30% graduation rate. The school took tons of money from freshmen they knew would never graduate.

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This message was self-deleted by its author [View all] AcertainLiz Apr 2014 OP

Cut off student loans for any school where tuition raises more than stated inflation. former9thward Apr 2014 #1

I agree with this. Seeking Serenity Apr 2014 #3

We need to restore more state funding of universities, as well. Arugula Latte Apr 2014 #5

There was a website Boreal Apr 2014 #77

While I think we are educating too many lawyers exboyfil Apr 2014 #79

Something that seems to have contributed to the skyrocketing cost of education woolldog Apr 2014 #46

Very true. former9thward Apr 2014 #48

We also live in a society where you NEED a college degree joeglow3 Apr 2014 #52

student loans are not cheap money. Mine are nearly 7%. magical thyme Apr 2014 #92

Colleges often have little control over tuition. Republicans would love your suggestion Xithras Apr 2014 #63

Fat cat university admins and profs love your post. former9thward Apr 2014 #66

I was a prof for many years. Xithras Apr 2014 #68

Thanks for the facts and common sense. Vattel Apr 2014 #94

that would eliminate pretty much every state school from the program dsc Apr 2014 #99

They are not keeping tuition low. former9thward Apr 2014 #103

they are low in comparison to private schools dsc Apr 2014 #104

allow student loans to be discharged in bankruptcy as a beginning.... mike_c Apr 2014 #2

Bankruptcy? AcertainLiz Apr 2014 #7

why not? mike_c Apr 2014 #12

This message was self-deleted by its author AcertainLiz Apr 2014 #14

Yes B2G Apr 2014 #15

This message was self-deleted by its author AcertainLiz Apr 2014 #24

Like how much do you owe B2G Apr 2014 #45

This message was self-deleted by its author AcertainLiz Apr 2014 #83

Well when you do 'went' B2G Apr 2014 #97

Are you a troll? AcertainLiz Apr 2014 #111

There are different types of bankrupcy. In a chap 13, you'd only ruin your credit for 5-8 years. FSogol Apr 2014 #47

Yes, bankruptcy is very bad YarnAddict Apr 2014 #55

What are the better ways in your view? AcertainLiz Apr 2014 #74

Better ways YarnAddict Apr 2014 #89

But community college is still expensive and living at home is often a no-no AcertainLiz Apr 2014 #116

DU is full of people eager to advise after the fact Orrex Apr 2014 #118

I agree with Mike C XRubicon Apr 2014 #16

Well, how would colleges be held accountable for such a thing? AcertainLiz Apr 2014 #21

Make the school cosign loans for a percentage of the loan XRubicon Apr 2014 #28

Well if 70 percent who don't graduate never get the chance to go AcertainLiz Apr 2014 #33

I never graduated from the first college I attended Art_from_Ark Apr 2014 #43

Oh, okay AcertainLiz Apr 2014 #44

College isn't for everyone. YarnAddict Apr 2014 #56

But isn't college necessary to get a good job nowadays? AcertainLiz Apr 2014 #75

No YarnAddict Apr 2014 #90

So you envision a society where most people are Bill Gates style entrepreneurs? AcertainLiz Apr 2014 #114

Problem is colleges have fucked themselves joeglow3 Apr 2014 #54

Universities are really proud of their Recreation Centers exboyfil Apr 2014 #78

That is interesting that she has to pay more joeglow3 Apr 2014 #80

I frankly think it is a ridiculous exboyfil Apr 2014 #86

They use the amenities to attract students bluestateguy Apr 2014 #102

ding ding ding.... mike_c Apr 2014 #105

Yes, as it used to be treestar Apr 2014 #98

Cap the interest rates, for one thing. Arugula Latte Apr 2014 #4

I can't believe .... oldhippie Apr 2014 #38

Because a mortgage is a secured loan, and student loans are not Yo_Mama Apr 2014 #40

Practical solution is to try and pay the debt that's gathering interest while still in school. haele Apr 2014 #6

Thanks for all this AcertainLiz Apr 2014 #13

When are you going in? nt TBF Apr 2014 #25

Going in college or the military? AcertainLiz Apr 2014 #26

The military. nt TBF Apr 2014 #30

Oh I see AcertainLiz Apr 2014 #31

I don't know what we are to do about the debt now!! mstinamotorcity2 Apr 2014 #8

Not having to pay it back unless JaneyVee Apr 2014 #9

I'll be lucky if I ever achieve that... AcertainLiz Apr 2014 #42

What field are you going into? n/t YarnAddict Apr 2014 #58

I'm going for teaching actually AcertainLiz Apr 2014 #81

Teaching is a wonderful choice YarnAddict Apr 2014 #91

What sucks is what I want to do doesn't make a lot of money :P AcertainLiz Apr 2014 #112

You'll easily achieve that if you work hard taught_me_patience Apr 2014 #64

Depends on the field. n/t YarnAddict Apr 2014 #70

It'd be a dream come true if I ever made over 100K AcertainLiz Apr 2014 #82

Message auto-removed Name removed Apr 2014 #10

I would start with more education. Travis_0004 Apr 2014 #11

Thanks for this AcertainLiz Apr 2014 #37

I think a lot of them don't realize how much student loan debt they are taking on. Travis_0004 Apr 2014 #39

This is all probably true AcertainLiz Apr 2014 #41

I don't think it's irresponsibility YarnAddict Apr 2014 #60

Then what should most 18 year olds do? They don't seem to have any other options. AcertainLiz Apr 2014 #76

Good solid advice! n/t YarnAddict Apr 2014 #59

I know this will ruffle some feathers but oneofthe99 Apr 2014 #17

Why should there be no private colleges? AcertainLiz Apr 2014 #18

There should be no cost for higher learning in a civilized society to students oneofthe99 Apr 2014 #19

How would you achieve this though? AcertainLiz Apr 2014 #20

How do we achieve a standing army of millions? oneofthe99 Apr 2014 #22

I don't follow? AcertainLiz Apr 2014 #23

Higher learning can be founded just like public education is through a tax based system oneofthe99 Apr 2014 #32

Okay, I agree with that :P AcertainLiz Apr 2014 #34

Oh I do not think you will ruffle any feathers. You might make some folks laugh CBGLuthier Apr 2014 #53

Um, no YarnAddict Apr 2014 #61

All education should be free randys1 Apr 2014 #27

Sounds great AcertainLiz Apr 2014 #29

not until all cons die from evolution randys1 Apr 2014 #35

lol AcertainLiz Apr 2014 #36

A true utopia... just have the rich pay for everything! taught_me_patience Apr 2014 #65

Book rec for anyone trying to figure out how to pay for college: FSogol Apr 2014 #49

Thanks! AcertainLiz Apr 2014 #84

Truth be told tabbycat31 Apr 2014 #50

Exactly AcertainLiz Apr 2014 #85

Not going to be a popular suggestion YarnAddict Apr 2014 #51

A better solution is to make college more affordable. Lex Apr 2014 #62

Someone upthread had an explanation YarnAddict Apr 2014 #69

That needs to be reigned in. Maybe it will self-adjust as Lex Apr 2014 #71

True. n/t YarnAddict Apr 2014 #72

Wouldn't this disallow a lot of people from going to college though? AcertainLiz Apr 2014 #73

It might, but YarnAddict Apr 2014 #88

How would you get a tech/vocational education without college though? AcertainLiz Apr 2014 #117

First write down the principal amount to reflect upaloopa Apr 2014 #57

Why reduce it for community service? AcertainLiz Apr 2014 #87

Adjustable rate interest based on fed funds taught_me_patience Apr 2014 #67

cut off student loans for schools that use student fees to subsidize TransitJohn Apr 2014 #93

Why would you do this? AcertainLiz Apr 2014 #110

Because those fees are paid with student loans TransitJohn Apr 2014 #113

Um...I meant why would you cut off funding for sports programs? AcertainLiz Apr 2014 #115

I've already answsered your question. TransitJohn Apr 2014 #119

No you haven't. You just said something irrelevant, and when cornered, you have no response. AcertainLiz Apr 2014 #120

Oligarchs dont want an educated public for the most part randys1 Apr 2014 #95

Even if you need one for a modern economy... AcertainLiz Apr 2014 #109

Tie the interest rate to the Fed funds rate. Lend to the people like they lend to the banksters Taitertots Apr 2014 #96

Could this actually be done? AcertainLiz Apr 2014 #108

Pay off the loans you've got and discourage others from attending higher education until the system JJChambers Apr 2014 #100

Why would you propose this? AcertainLiz Apr 2014 #107

Limiting the aggregate amount a student can take out bluestateguy Apr 2014 #101

Wouldn't this hinder education? AcertainLiz Apr 2014 #106