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by stikit
424 days ago
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>>>"Generally accepted" by who? Based on what? Off the top of my head, so may not align exactly with formal definitions, but economics is the study of allocation of resources and how incentives play a large role in how human behavior is influenced by those incentives. I prefer Sowell for a primer but if he’s not to your liking try google, keywords economic incentives and resource allocation. i have plenty of personal experience with community colleges and those close to me have gone from penniless immigrant to making more than the average tech bro because they attended one while working full time, and paying full tuition without aid. what kept them going was a reasonable roi . the i was their investment of hard earned dollars that they used to pay for their tuition and gave them the incentive to stay in. they had skin in the game so they endured. getting something for free doesn’t instill any obligation, and that’s a common lived experience. |
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But using student debt, as an incentive to study hard, as justification that debt is good, is bit of a stretch.
There are plenty of students that do well without pressure.
Programs that are trying to pull in people on the fence will inevitably have some that don't make it, the goal is for a net positive. If local employers have 1 extra qualified employee at the cost of 2 or 3 that don't make it, it still balances out. The state is out the money for a few tuitions for students that didn't make it, but the lifetime earnings of the one that made it is greater.