25 Oct 2022 3:52 pm
reform should include 2 things (at least)Cannonpointer » 29 Aug 2022, 4:44 pm » wrote: ↑ Are those the only two options?
The pertinent questions regarding paying student debt are, first, HOW DID THIS HAPPEN? How is it remotely possible that it costs so much for an education - or getting one pays so little dividends - that the debt from that education is impossible to pay? And what are we going to DO, to avoid this embarrassment to our system of higher education in the future? How will we reform higher education so that this becomes a one-off, rather than a regular thing?
So along with the question of WHETHER we should, we have to ask the question of why and how.
1. Make student loans dischargable in bankruptcy, like any other debt. This would prevent lenders from bundling bad debt and reselling it (which creates horrible economic problems). Lenders would think twice before approving student loans, they might make an effort to put pressure on universities to teach MARKETABLE SKILLS. Indistinguishable debts are akin to slavery.
2. Schools should be forced to offer courses and study majors that are useful to society. This is easily traced by what occupations are projected to see job growth. Data analysts for example, take high level math and statistical courses. Chemists and pharmacists are needed. Gender studies majors are NOT NEEDED, and no bank should be loaning students money to take **** courses.
1 Nomination
Cannonpointer Oct 24, 2022
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