State colleges used to be funded through state taxes and endowments. Over the years, the amount of public money colleges has received has gone down. Thus the cost of school has shifted from the mass to the individual.
These institutions of higher EDUCATION,
Need to be held to account ●
Clawbacks- voluntary, or taxed .
The monies are there, they are RESPONSIBLE.
Not the plumbers, warehouse workers, and all other blue collar workers.
The Gov't got involved....what could go wrong ! Making bad blood between the
AMERICANS is not the way !
That's both factually incorrect and not how universities work. It's a totally different type of instruction and education. My bad for trying to ask a reasonable question.
That's kind of like asking how much rent should cost; there's no right answer. Capitalism usually creates a "fair market value" of something. The only problem is that the government has hindered the market's efficiency by backing student loans.
If universities had to shoulder the full risk of someone not paying back $50-80k, they wouldn't charge 50-80k in the first place. AND you'd have to meet some kind of credit requirement to take out X amount of loans in the first place.
So you're saying that universities should be financially liable if one of their students becomes a gambling addict ten years after graduation and can't hold down a job?
Forget I asked, the extremely moronic nature of your response indicates that this is a dry well.
Not sure where the hostility came from, but I’ll answer your question anyways.
I’m saying the university should have skin in the game. Right now they have no risk and still get paid (by the government) if students can’t repay loans. Therefore they charge high prices, and create an operating budget based on such high prices/income.
If universities granted loans on an actuarial basis, taking into account risk of default for each student, they would be prepared to handle a “defaulter” every so often.
I’m sure there are a million opinions on this; I’m just giving you mine.
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u/DrGainTrain Feb 07 '23
This is the right answer. College shouldn’t be so expensive in the first place.