Liberal Forum

Vegas » Today, 3:05 pm » wrote: ↑

Today, 3:05 pm

Taxpayers. I would prefer our taxes to go to us, as opposed to the Middle East and starting wars. Ultimately, it would be a huge payoff for such an investment. Most kids cannot afford college without having to drown in school loans. This turns off many highly talented kids. That is one reason why the industries, in America, are filled with foreigners  Tim Cook even said that the reason they outsource over seas isn't because of cheap labor anymore. The labor cost now is actually almost the same. He said it's because America doesn't have the skills. China, India, and Pakistan do.  We have a lot of bright minds, but the only incentive for them to attend college is to go into debt for the rest of their life. Not much of an incentive.

I paid for my two sons education through B.S. level.  Kids can work part time and go to school part time and live at home, the parents insurance should cover them until they are 26. If there is a will there is a way, and I am not in on this idea at all. 

What I could be "in on" is the brightest medical students (premed) get a "free ride" (based on your idea) and they sign a contract to give back 6 years of service to the V.A. and they earn a small stipend to cover daily living costs. This is only available to US born citizens, all living parents, US Citizens. I would even go far as "no immigrants, naturalized, etc.) 
Based on GPA only and weighted on "rating of pre-med school" as well. No weight for skin color, or extracurricular activities. 

The only ones in debt for the rest of their lives are those that spend the GUARANTEED STUDENT LOANS on worthless degrees, like a Pastry Chef, or some other worthless degree. The problem we have is the GUARANTEED STUDENT LOANS allow these Universities to "raise the rates" because they "know the kid will get the $$ to pay for it"

Evidence suggests that guaranteed federal student loans enable universities to raise tuition, a phenomenon often referred to as the "Bennett Hypothesis". When loans are easily available, institutions may increase tuition to capture these funds, allowing them to raise prices without facing a drop in enrollment.
Key Findings on Loans and Tuition:

• "Dollar-for-Dollar" Effect: Research indicates that for every $1 increase in federal student loan limits, tuition can rise by as much as 60–64 cents.
• Graduate Loans (Grad PLUS): Unlimited federal borrowing options for graduate studies specifically have enabled institutions to hike tuition, with The Trump Administration is Making College More Affordable noting this "fudge factor" allows for significant institutional profit.
• Long-Term Trend: Colleges have raised tuition for over two decades, partly because they know students can continue borrowing.
• Impact on Net Price: While "sticker" prices rise, the effect on "net" price (what students actually pay after financial aid) can be slightly lower.

Why Tuition Rises:

• Increased Demand/Funding: When the government provides more loans, student purchasing power increases, allowing universities to raise prices.
• Lack of Constraints: Colleges have raised tuition steadily for more than 20 years ... states that because the federal government does not cap tuition, schools increase it to capture more federal aid.

The Trump Administration is Making College More Affordable
https://www.ed.gov/about/news/press-rel ... affordable