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by rootusrootus
1524 days ago
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> Saddling _teenagers_ with such debt is problematic in many ways. So perhaps the solution involves some combination of 1) raising the age at which someone is considered an adult until it does not end with "teen", and 2) not giving loans to people with no plausible way to repay it, and/or 3) requiring a cosigner who is both older and better funded. Maybe we take away blanket guarantees for student loans, make them dischargeable in bankruptcy, make the interest rate and borrowing limit based on plausible future income, things like that. |
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Cost.
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The joke of a school I went to now costs upward of $38k/yr base (not sure what room/food on top of that is). Hell state schools are upwards of $20k a year even with financial aid...
Maybe higher education shouldn't be this expensive across the board so people wouldn't be saddled with crippling high-risk debt while they're arguably still children.
I can tell you whatever the %#%$ I got was NOT worth anywhere near that in tuition... gen-eds were effectively highschool 2.0, and I was learning more in-industry than I was in the classroom at the time for my main area of study.
To think people are getting charged $38k+/yr for that just pisses me off. Even if it was an objectively good education + program - it's still too expensive.
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Also one more thing I want to address in your response: what about economically disenfranchised peoples? If we implement the ideals you lay out I can easily see that being a huge barrier. I personally believe these folks should have access to higher education too - which is why I strongly support things like financial aid, grants, scholarships, etc.
If we make it into a more traditional loan I think it would potentially discriminate against students who come from less-than-ideal backgrounds.