Official Student Debt Cancellation Watch Thread

[PoorAndDangerous]

The people and government itself is the reason why college is so expensive

As soon as the government started guaranteeing student loans colleges starting competing with each other and the price started going up , the cost of college barley rose anything for decades before this happen.


And so many people get pointless degrees in fields that have no jobs or money , then they are either screwed or go back and get another degree or masters


Which is also the reason a college degree is required for so many jobs when its not necessary at all

I got a degree in accounting and couldn’t find a job. I switched to I.T.

 

[ADevilYouKhow]

White House officials weigh income limits for student loan forgiveness — The Washington Post

 

[Professor Emeritus]

The people and government itself is the reason why college is so expensive

As soon as the government started guaranteeing student loans colleges starting competing with each other and the price started going up , the cost of college barley rose anything for decades before this happen.

That is only part of the reason. You're ignoring:

* college ranking algorithms heavily incentivized a ramp-up in amenities and administrative costs
* states pulled back their subsidization of higher education
* increase in high-end salaries along with an increase in the # of people attending college created more competition for limited slots allowing colleges to ramp up prices


In 1960 Harvard accepted 35% of its applicants. By 1997 it was down to 12%. Last year they accepted just 3%. When competition is that stiff you can charge whatever you want.

 

[PoorAndDangerous]

That is only part of the reason. You're ignoring:

* college ranking algorithms heavily incentivized a ramp-up in amenities and administrative costs
* states pulled back their subsidization of higher education
* increase in high-end salaries along with an increase in the # of people attending college created more competition for limited slots allowing colleges to ramp up prices


In 1960 Harvard accepted 35% of its applicants. By 1997 it was down to 12%. Last year they accepted just 3%. When competition is that stiff you can charge whatever you want.

I don’t think what Harvard charges is the issue. It’s public state colleges that should be free for tax payers. Or at the very least “at cost”

 

[ADevilYouKhow]

I don’t think what Harvard charges is the issue. It’s public state colleges that should be free for tax payers.

What are taxpayers? Who are taxpayers?

 

[mastermind]

I don’t think what Harvard charges is the issue. It’s public state colleges that should be free for tax payers. Or at the very least “at cost”

That goes back to states not subsidizing state schools like they did before late 70s.

 

[Professor Emeritus]

I don’t think what Harvard charges is the issue. It’s public state colleges that should be free for tax payers. Or at the very least “at cost”

I grabbed Harvard because the statistics for admission were easy. But the three points I made are true for state colleges as well - especially the fact that most states have slashed their budget for subsidizing higher education so the government isn't covering nearly as much of the cost of a public education as they used to.

 

[mastermind]

I grabbed Harvard because the statistics for admission were easy. But the three points I made are true for state colleges as well - especially the fact that most states have slashed their budget for subsidizing higher education so the government isn't covering nearly as much of the cost of a public education as they used to.

On top of that, state schools have expanded like crazy with their development and real estate deals. It’s a bad recipe.

 

[FAH1223]

Throwback

 

[Serious]

The people and government itself is the reason why college is so expensive

As soon as the government started guaranteeing student loans colleges starting competing with each other and the price started going up , the cost of college barley rose anything for decades before this happen.


And so many people get pointless degrees in fields that have no jobs or money , then they are either screwed or go back and get another degree or masters


Which is also the reason a college degree is required for so many jobs when its not necessary at all

Foh

Reagan is the reason for all this bs

 

[Serious]

White House officials weigh income limits for student loan forgiveness — The Washington Post

All the high income professionals like doctors, lawyers, and engineers bout to get screwed



@No1 @wire28 @dora_da_destroyer

 

[dora_da_destroyer]

All the high income professionals like doctors, lawyers, and engineers bout to get screwed



@No1 @wire28 @dora_da_destroyer

bout to ask for a salary cut, just hold it off to the side until further notice

 

[Serious]

bout to ask for a salary cut, just hold it off to the side until further notice

You still got a side business right?


Put all your money into your LLC then pay yourself 40k annually.

 

[No1]

All the high income professionals like doctors, lawyers, and engineers bout to get screwed



@No1 @wire28 @dora_da_destroyer

About to go public interest for a year and then come back.

 

[wire28]

All the high income professionals like doctors, lawyers, and engineers bout to get screwed



@No1 @wire28 @dora_da_destroyer

Biden, my guy, what are we doing here