We Must Cancel Everyone’s Student Debt, for the Economy’s Sake

J

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Broke Wave said:
Public Colleges and Universities should absolutely be free.
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It's interesting how you have people on the left who thought this Democratic Socialists concept was ridiculous. All my European counterparts didn't have to worry about their education meanwhile the average American student is worried about how they are going to pay off all these loans. Smdh
 
Dr. Acula

Dr. Acula

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Wild self said:
Colleges overcharge because of high demand. Its greed and using excess profits to build dorms and useless centers that remain half empty.
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Bruh this is bullshyt. It's a combination of costantly declining of public investments of states, a consumerization of college as a product, and a lost of focus of what college should be about.

In my state, every year our Republican state government removes money from my state school .Then every year tuition increases. Secondly, just anecdotally speaking I've seen how profits for the school is becoming more and more important which means rising costs. For example more and more falcuty is hired based on how much research grants and money they bring in than their ability to teach. More and more people who don't give a fukk and are terrible but bring in money for the school and get to stick around.

Also notice just small things that show how college is becoming a commodity .They raise our tuition with emails talking about being strapped for cash but spend millions of dollars to build a new student Union so they can use it to sell the school to future students. Even worse, at my school they previous student Union was fine and more geared towards student comfort with bowling alleys,arcade games, hangout areas ,etc .while the new one is a sterile building only hosting spaces for fast food shops and businesses. Has a very gross consumerist culture to the whole thing.

Anyways I'm ranting and had a whole lot more to add but I'll end it here .

Edit: sorry about the typos .Phone is being shyt with formatting
 
S

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FAH1223 said:
More broadly, the explosion of student debt in America was orchestrated by deliberate government policies, which were justified on premises that have proven to be false. Specifically, the government encouraged young Americans to view even high student-debt loads as a safe investment in their own futures, on the grounds that the economy was suffering from a “skills gap” — there was an abundance of high wage, white-collar jobs to be created or filled, if only the supply of highly educated workers would rise to meet demand. This turned out to be a fiction — one that victimized a generation of working-class college students. As Steinbaum writes:

The reason for [the] vast enlargement of the population of [student loan] borrowers is the worsening labor market. Scarce jobs are allocated to the most credentialed applicants, which triggers a rat race of credentialization, and that rat race is worst for minorities. That young cohorts are better educated than their predecessors shouldresult in higher lifetime earnings, if the “skills gap” mythology that motivated the expansion of the federal student loan programs were true. Instead, more and more expensive credentials result in jobs that pay the same or worse, leading to the escalation of debt loads.
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To follow that up, here's an article showing that the "skills gap" theory was indeed a lie.

The "skills gap" was a lie

Now along comes a new paper from Alicia Sasser Modestino, Daniel Shoag, and Joshua Ballance presented this week at the American Economics Association’s annual conference that shows the skeptics were right all along — employers responded to high unemployment by making their job descriptions more stringent. When unemployment went down thanks to the demand-side recovery, suddenly employers got more relaxed again.

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In other words, the skills gap was the consequence of high unemployment rather than its cause. With workers plentiful, employers got choosier. Rather than investing in training workers, they demanded lots of experience and educational credentials.
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In fact, this thread may be closer to a solution, then the "skills gap". A Public Option for Jobs - Federal Job Guarantee
 
Robbie3000

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We would have to base it on income. Doctors, Dentists, Lawyers and MBAs from top programs should not be included unless they are working in non profit or government.

They’ll be Gucci either way.
 
BushidoBrown

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New Jeruzalem Journalist said:
I busted my ass, worked for years 2 and 3 jobs at a time, sacrificed, scraped, scrounged, and eventually switched careers all in an effort to pay off all my debts, which I finally did 4 years ago
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yea i basically can only pay rent/bills and live day to day cause my loans are so crippling.
its extremely tough to go on vacation even for a long weekend cause i dont have the disposable income like that
if i been paying my life away just to stay out of delinquency/forbearance and these aint shyt bums just magically get all their shyt erased ill be pissed
 
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