Though it doesn't address the underlying problem that college is too damn expensive and that many BAs are a waste of money.
Link: https://www.cnbc.com/2020/10/23/biden-proposes-forgiving-10000-in-student-debt-for-public-service.html
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But you cannot deny this: There are degrees which are specifically calculated to empower the recipient in the business world, and there are degrees which are not so (hobby degrees).
Should we act surprised when someone chooses a degree which is not directed towards empowering the recipient to get a job, and then that person has difficulty paying off their student loans? Of course not. Even a liberal arts major can do that math...but maybe not a gender studies major.
If there were no government /guaranteed student loans, then banks would be very careful about the loans they gave out...they would limit them to STEM or business, or demand higher rates for the others. Involving the government has created an army of less employable people. Only a liberal would want to create that problem and then solve it by taking more money from employable people.
I don't disparage people who pursue hobbies...at least until they started asking me to pay for their hobbies. Go to Tulane or Notre Dame for a hobby degree, incur $200k in debt, then ask me to pay for it? Fuck that.
Undergraduate education is not training. Why not just go to Ivy Tech.
Undergraduate education on a hobby topic is fine. Just don't ask me to pay for it.
The STEM and business majors aren't asking me to pay for it, because they made good choices.
Those who could afford hobby degrees aren't asking me to pay for it, because they made choices within their means.
It is those who could not afford it, and yet did it anyway...they are the ones you want to bail out? Seriously? That is bullshit.
And then you want to vote for a guy who will ship manufacturing jobs overseas, and leave the gender studies majors competing with illegal immigrants for the flipping burger jobs, so that they all need Obamacare instead of having health insurance provided by their employer. There is your liberal utopia. Insanity for anyone to vote for that, while pretending they are making the moral choice. Total insanity.
[By the way...one of the richest guys I know personally went to an Ivy Tech type of school. Self-made man, started two successful businesses. Total mental stud. Had a dozen cars (at least one worth more than my house) and flew anywhere in the world he wanted, when he wanted. I'd put him up against anyone who decided to go $200k into debt for a hobby interest, regardless of their ACT scores.]
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is the student who has the government paying for it more likely to choose these majors? What do you think?
Most people don't.
I joined the Army to pay for my degree. And, I got a degree that allowed me to get a job. I graduated debt free from Notre Dame, and I got a job as well. Imagine that. I didn't have to ask anyone to pay off my debt.
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.....this is just "free school" (or partially free school) repackaged.
And do you think the free market can work to bring down college prices if the govt starts paying for it? (The answer is "No", the schools will keep prices high, or more likely raise their prices by 10k since they already know what the market will bare and pocket the govt 10k for themselves).
Work, get money (or loan forgiveness).
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