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[–] firex726 0 points 91 points (+91|-0) ago  (edited ago)

Just making the dischargeable durring bankruptcy and not backed by the Fed would go a long way to fixing them.

Want to study Feminist Dance Theory? Have to do it on your own dime as no bank will give a loan for it.

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[–] luckyguy 0 points 45 points (+45|-0) ago  (edited ago)

Yes and banks should be able to look at your major and transcript.

Really with Major, GPA, and number of courses to completion an ordinal index of risk shouldn't be too hard to make. If you don't want the bank specifically looking at your stuff the school could put you on a continuum and banks could make a schedule of rates based on a students place on the continuum.

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[–] Thin_White_Duke 0 points 23 points (+23|-0) ago 

Great idea, but remember...

When banks were giving home loans based on what people could actually afford, the great and benevolent federal government decided that was discriminatory and instructed banks to start providing loans to people who couldn't afford them.

Just what makes us think the same bullshit won't happen here?

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[–] ScottRockview 2 points 11 points (+13|-2) ago 

This is straight forward and makes perfect sense, yet some dumb useless fucks will claim this is discrimination.

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[–] gota_party 1 points 22 points (+23|-1) ago 

If lending was done in a free market there would soon be people who were expert in predicting the usefulness of a particular degree to a person's life and career, because if they got it wrong they would lose money. That's the part Bernie doesn't get. Paying for everyone to study underwater basket weaving will not MAGA, but lending to students for whom a degree course would improve their ability to create value for other people (eg architecture, medicine etc) will indeed make the country great.

With their profit coming from doing the best for the student, not from selling a 4-year degree, lenders would even be able to offer advice on, and funding for, more economical alternatives...

https://fee.org/articles/ditch-college-get-a-real-skill-live-a-good-life/

Conservatives has failed for decades in the culture wars, but by getting young people away from academic brainwashers Trump would score a yuge long-term victory.

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[–] ilovepussy 0 points 4 points (+4|-0) ago 

Just making the dischargeable durring bankruptcy

A great percentage of students would take the bankruptcy hit right after they graduate, causing a huge default in loans. It is not sustainable.

[–] [deleted] 0 points 2 points (+2|-0) ago 

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[–] [deleted] 0 points 3 points (+3|-0) ago 

[Deleted]

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[–] belrial 0 points 3 points (+3|-0) ago 

I say for ateast the week.

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[–] TheDude2 1 points 48 points (+49|-1) ago 

Media reaction: REEEEEEEEEEEEEE REEEEEEEEEEEEE RACIST!!!!!!!!!!

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[–] FeelinFroggy 0 points 26 points (+26|-0) ago  (edited ago)

Like sows in a pen. Flick one ping pong ball in there and watch them go fucking insane.

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[–] caprimulgidae 0 points 13 points (+13|-0) ago 

Beautiful mental image there

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[–] Spaceballs-1 1 points 45 points (+46|-1) ago 

And Trump takes another step on his long march towards becoming Emperor.

Making the Universities share the risk is a brilliant idea and by doing so will assure that the schools are more selective of the majors offered as well as their selection of students.

Gold.

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[–] Caesarkid1 0 points 29 points (+29|-0) ago 

Hell they might even lower tuition costs to reduce the potential risk!

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[–] Alopix 0 points 14 points (+14|-0) ago 

It's almost like the debt economy created by easy access to loans combined with nearly endless demand is what made prices ridiculous to begin with.

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[–] Pwning4Ever [S] 0 points 16 points (+16|-0) ago 

It might discourage Affirmative Action

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[–] TigoleBitties 0 points 5 points (+5|-0) ago 

Making them responsible for the money they get to take in would change so much. They would have to actually start using their budgets to support students beyond just making the university a pretty place with nice athletic teams to cheer for. My experience in college was there was plenty of 'programs' that required a dozen administrators to run that were supposed to 'help you' but always seemed to be very ineffective (and were almost always targeted to minorities or some other hoopla that was of no interest to this lower middle class engineering undergrad).

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[–] InyourfaceNancyGrace 0 points 0 points (+0|-0) ago 

On the surface it seems great, and change to the current system is certainly due. Better vetting of ROI for student loans, e.g., seems like a no-brainer.

But I wonder: if colleges become fiscally responsible for their student's success, what stops the college from just giving an inept student a 4.0. Then when that student fails in the work force, the college can dismiss their liability saying "not our fault; we gave them a usable education."

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[–] Ajaxofbarbaria 0 points 4 points (+4|-0) ago 

Good question. 1) reputation - both to future potential students and prospective employers. If a school becomes known as a degree mill, it could damage future enrollment. 2) donations - schools that produce garbage graduates will likely not have as much in conteibutions from those people if they are unable to advance in the workplace.

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[–] syntaxian 0 points 1 points (+1|-0) ago  (edited ago)

This can be measured. Have a government entity look at graduation rates, GPA's, and hiring post college. Reduce public funding to the university and force the school, private or public, to pay at least a considerable portion of those loans. Make it unprofitable to run a degree mill and they won't exist.

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[–] ilovepussy 0 points 29 points (+29|-0) ago 

This is the most sane proposal on college funding to date. Thanks Donald

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[–] jackofdiamonds 0 points 27 points (+27|-0) ago 

Getting colleges to be the losers if students can't pay back their loans is a fantastic idea. It undermines degree mills and encourages the career services departments of legitimate schools to pull out all the stops to help place their graduates. The only down side of this is that schools would become choosier about who they let in, which would mean that a lot of middling high school students might have a hard time getting accepted anywhere.

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[–] gota_party 0 points 5 points (+5|-0) ago  (edited ago)

Anyone for whom a degree would boost their earnings by more than the value of the degree would be a viable candidate. Everyone else should not be going in the first place. This is irrespective of their race, sex, performance at high school or any other factor.

They would quickly create actuarial tables to determine the value of a degree based on various criteria such as economic background and high school performance, if there was a financial motive to do so.

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[–] jackofdiamonds 0 points 5 points (+5|-0) ago 

Then, interestingly, schools would charge more for STEM degrees, and could even have tacky "1/2 off tuition" sales on certain degrees, as long as they are still pulling in enough to cover the cost of teaching and administering the courses.

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[–] nomenimion 2 points 4 points (+6|-2) ago 

In other words, it'll keep blacks and latinos out.

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[–] Northvvait 0 points 6 points (+6|-0) ago 

Only those that weren't really interested in or smart enough for college in the first place, but have been heavily marketed to in the name of affirmative action.

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[–] Diogenes_The_Cynic 0 points 5 points (+5|-0) ago 

Nah. It'll only keep them out of liberal arts.

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[–] Alopix 0 points 0 points (+0|-0) ago  (edited ago)

No, the liberal schools(i.e. all of them that matter) will go bankrupt before they let that happen. It means people NOT covered by affirmative action, white lower class males, are likely to lose access first.

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[–] syntaxian 0 points 3 points (+3|-0) ago  (edited ago)

Honestly some kids don't deserve to get in college right away. Truly. I would know, I was one of them. The loans are still there though because I was accepted despite every evidence that I wasn't ready to take that responsibility. I was not alone in that. Just look at the graduation rates, they are pathetic. Those kids can work, get experience, gain the skills they don't have yet, and actually have income. Starting at zero is way better than owing thousands or even tens of thousands having as many qualifiable skills coming out of school then when you started. It's a no brainer but the government and culture of America treated you like a failure if you weren't in college or the military immediately after high school. It's been going on for over a decade. It's a disgusting practice and it needs to change.

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[–] Alopix 0 points 4 points (+4|-0) ago  (edited ago)

If the loans weren't there, tuition prices would be limited to what students could actually pay by working, rather than "how much can we get a giant financial institution to pay" and far more students would be able to afford school on their own. If any of our grandparents went to school, they likely didn't need a loan to do it. That was why. There were no student loans, so schools had to charge what people could afford.

The debt economy needs to be removed everywhere it exists. Housing, healthcare, education etc.

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[–] laikaislost 2 points -2 points (+0|-2) ago 

But some of us were ready, and government loans were the only way we were able to afford college. Fucking up the system because a few people shouldn't have gone is insane.

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[–] FeelinFroggy 1 points 24 points (+25|-1) ago 

This fuckin' guy gets better and better every time he opens his mouth

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[–] SIDWULF 0 points 0 points (+0|-0) ago 

Trump is accountable to his feelings.

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[–] arrggg 0 points 14 points (+14|-0) ago 

Awesome idea. Watch this suggestion get attacked, discussed, and then quietly implemented like the other great Trump ideas.

This guy is changing the country already.

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[–] William_Wallace 0 points 11 points (+11|-0) ago 

True, he is already the leader of the country in many ways.

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[–] Alopix 0 points 3 points (+3|-0) ago 

The people are the leader of the country. They are electing a representative. The president is not King. Trump is succeeding because the people already wanted those things to happen, not because they are Trump's ideas.

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[–] laikaislost 0 points 0 points (+0|-0) ago 

what other great trump ideas have been implemented?

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[–] NeutralObserver 0 points 2 points (+2|-0) ago  (edited ago)

Getting NATO countries to pay what they agreed to. It's become a big issue in Congress after Trump brought it up.

Defund sanctuary city bill recently brought up after Trump immigration speech and Katy Stein death. The Dems even call it the Donald Trump Bill.

After Trump called for temporarily banning Muslims til the government can better vet them, everyone attacked him for it then they quietly passed a unanimous bill that to heavier vetting process on people coming from Middle Eastern countries.

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[–] arrggg 0 points 2 points (+2|-0) ago 

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[–] redditrunbyfascists 0 points 12 points (+12|-0) ago 

yep.

you want to study the arts?

come from a rich family, or save for it yourself and pursue it later in life.

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[–] refugee610 0 points 11 points (+11|-0) ago 

Or use this wonderful compendium of the sum of human knowledge called the internet for the low low cost of ... nothing, as if you're reading this, you already have it.

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[–] redditrunbyfascists 0 points 1 points (+1|-0) ago 

I agree.

I see no need for a bachelors/masters/phd in most of the arts disciplines.

If you are really a master, the world will know.

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[–] laikaislost 2 points -1 points (+1|-2) ago 

Yeah, those people should just learn in a non-conducive environment without direct guidance in a way that has been proven thousands of times to not work for everybody in the time they don't have because they are low paid wage slaves.

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[–] Alopix 0 points 2 points (+2|-0) ago  (edited ago)

So you want the movie industry to be even MORE controlled by rothschild-kin? Not all arts are underwater basket weaving.

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[–] laikaislost 1 points 1 points (+2|-1) ago  (edited ago)

Lies. Arts are all useless degrees with zero applications. All artists are just leeches on society who contribute nothing.

Oh, by the way, what did you think about that one website's redesign, or the new city mural, or the new park design, or that cool museum exhibit, or that new logo at that shop downtown, or that hilarious tv ad, or the crazy special effects in that new movie, or the awesome character design and music in that video game, or my new shirt, or my new shoes, or that new car design, or...

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