Anyway, none of this is secret knowledge. This stuff has been studied to pieces. But with so much excess money sloshing around because the wealthy and the large corporations barely pay taxes... Inequality threatens even the best-case scenario of market forces acting as controls.
Good luck to them. Top schools will always be fine. If anything, they also take in the best students who'll be fine anyway. Try admitting the students community colleges do—they do an excellent job but are terribly underfunded. They'd be a great solution but for lack of money.
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Watch this tweetstorm that is about to happen in your honor. I want you and everyone watching to understand how completely wrong you are, and how silly it is to base your opinions on no facts whatsoever
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Tweet away. Do you honestly think that this is an unstudied, uncharted area? There are decades of research on these issues. Job training schemes are extensively studied. There is a big difference between what can work at small scale and what tens of millions of people need.
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The 5 year loss rate for the 2011 cohort @ UNC is .26% a year. That accounts for about 5100 students who received federal loans. As it were, a diff calculated obligation is still an obligation. About 40% of those students would be paying the ~~ of a 22% IRR loan under lambda.
End of conversation
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