State gov't cut back on subsidizing college education and passed it on to students. For the future, the Federal gov't should pick up the subsidy (more even geographically & can borrow better through recessions).pic.twitter.com/GtCSPBrjRi
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State gov't cut back on subsidizing college education and passed it on to students. For the future, the Federal gov't should pick up the subsidy (more even geographically & can borrow better through recessions).pic.twitter.com/GtCSPBrjRi
Problem is, subsidies raise tuition. So I say, subsidize poor kids only. That'll shift the tuition burden to rich kids. And do it with grants, not loans.
How does supplying more housing reduce cost, but supplying more professors increases tuition? I'm good w/ needs based grants, but this doesn't have to be an either/or solution.
Supplying more professors doesn't increase tuition, who the hell told you that?!
Sorry, confusion in your "subsidies raise tuition". Underscores why subsidies have to target what you want.
Ah. Yes. Govt. subsidies *will* tend to raise prices, which is why you need to pair it with upzoning so that new homebuyers can buy new houses. This bill has provisions for both; I think they could be more tightly linked.
Not surprising. Government has guaranteed most students loans for decades. Also, I can't think of any other government assets besides taxes and capital. What are the other 55% financial assets?
Check the link
Yes, I see now.
Whoa! Double Whoa!! Guess student loan forgiveness as a party platform is out.
Well, in theory, it would only be a one time hit to the deficit, but try getting that passed in congress
Not only is it a huge hit to the deficit that involves little prospect of political gain for either side, it wouldn't actually be a one time hit. Students would borrow huge going forward, expecting an eventual bailout.
If this ever did happen, you would need to make college free, which again makes it even more difficult for congress to pass both.
Yeah, then it's just part of the cost of the overall reform.
and they encourage generations of kids to go to college who are doomed to fail, all the while causing credential inflation. greatjob.jpg
Yup it's the government's job to make it cheaper to dilute the education signal
That seems bad!
I've analyzed performance of millions of student loans. The major matters little, but for-profit colleges are so bad private lenders won't touch them. Obama administration wanted to drop from federal program, but for-profit lobbied Congress to stay on. Taxpayer funded fraud.
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