Student loan solution: 1. Allow bankruptcy 2. Claw back debt from universities
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Date: April 22nd, 2025 5:17 PM Author: orange parlour
done. traditional bankruptcy after 5 or 7 years + clawbacks from university endowments/admins/etc. makes the government 'whole' while going after the place that the money actually went.
all the focus on 'students' themselves seems dishonest when they were mostly just conduits to funnel cash from the feds to university admins. rule #1 of any sort of financial investigation is to find out where the money actually went. in this case, it's the universities.
the refusal of trump and the GOP to attack shitlib universities on this basis is a huge political and rhetorical failure.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48871876) |
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Date: April 23rd, 2025 12:18 AM Author: cocky idiot
this is not correct even if i largely agree
the government's focus should be life liberty and the pursuit of happiness
ensuring that poors can pursue happiness is why a policy that permits guaranteed loans to poors makes sense
and making those loans non-dischargeable to all also makes sense
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48872816) |
Date: April 22nd, 2025 5:21 PM Author: charcoal misanthropic menage
idk how people blame the kids when they were all 18 year old shitheads doing exactly what every adult told them to do and was facilitated and encouraged by the government.
makes no sense we allow people to discharge credit card debt they racked up living beyond their means but not some 18 year old who got an english degree. that person was at least *trying* to be responsible.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48871891) |
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Date: April 22nd, 2025 5:24 PM Author: orange parlour
it's also rather bizarre that so many 'conservatives' rail against 'the university system' and accuse universities of everything from brainwashing kids to ruining the culture, but then IMMEDIATELY start simping for those very same universities when someone suggests putting them on the hook financially for loans which THEY absorbed via overpriced 'tuition'.
"grrr, those leftist universities! wait, what - NOOOOO, don't take money from the universities!!!"
it's completely incoherent.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48871906) |
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Date: April 22nd, 2025 5:44 PM Author: charcoal misanthropic menage
it's crab bucket mentality. people don't bat an eye when an elite gets a windfall, they get maf when someone closer to their class does in a way they didn't.
these people never have solutions, they just say "bootstraps!" it's like if a kid had a gash and someone just kept saying "well they should be more careful!" in response to "we need to treat the wound." now the wound is getting infected and they still keep saying "should have been more careful!"
ok, fine. these retards shouldn't have taken out loans that they have no ability to repay. but they did, so what now? and don't we (as in the us) bare some blame for giving them the fucking loans? when a kid owes the government $10k the kid has a problem. when a kid owes the government $300k the government has a problem.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48871963) |
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Date: April 23rd, 2025 2:00 PM
Author: .,..,.,.;,.,,:,.,.,::,...,..,:,..;,..,
yep, if there's one thing conservatives love it is academia and it's culture.
it really is every day is opposite day with you people
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874242) |
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Date: April 22nd, 2025 6:01 PM Author: nofapping school cafeteria
i'd rather that all of these people be killed, but having them socioeconomically crippled is good too if that's the best we can get
you're imagining some other imaginary hypothetical scenario in your mind where we live in a homogeneous coherent society and a bunch of innocent, intrinsically good young adults who would otherwise be productive, healthy members of society got tricked into crippling debt. that's not the world we live in. the world we live in is that these people are almost all evil worthless parasites who are completely hostile to our society and will never, ever be anything other than a fifth column trying to kill us before we kill them
stop and think about it for a minute. btw every single one of these people would kill you or saddle you with crippling debt if they could. but yeah keep simping for them in the abstract i guess
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48872006) |
Date: April 22nd, 2025 5:59 PM Author: Razzle Orchid International Law Enforcement Agency Mexican
This is a good start but i think you also need to find a way to knee cap the universities from just stealing money from kids - even if they can pay it back.
It applies everywhere, but dental school is the clearest example of this.
Does anyone think it really costs $600,000 to train a dentist? Of course not. The schools have a monopoly on it and they've realized they can extract $600,000 of these smart kids' future earnings.
You need to do something like create some sort of national testing standards, and have that weighted higher than colleges on resumes. So basically yeah your resume can say you went to Harvard, but its below your scores on the SAT 2.0 which tells your employerer how well you scored in your alleged major or whatever.
For law school, your bar exam score would have to be much more prominent than your law school.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48872002) |
Date: April 22nd, 2025 6:11 PM Author: Wonderful Doobsian Property
You're on the right track, but that's the wrong way to go about doing it. No court is going to allow you to collect from a third party that did not co-sign the contract. A better solution is to make it so that if enough students from a particular university/degree program are not paying back their loans (due to IBR, forbearance, default, or any other reason), they are no longer allowed to receive future federal loans. I can guarantee that universities will immediately start cutting worthless degree programs.
And while I think it should be easier to discharge student loans in bankruptcy, there still needs to be some limit or every single doctor in the country is going to declare bankruptcy as soon as they graduate from medical school. Indeed, that was already happening, which is why they made students loans non-dischargeable in the first place. I'm okay with discharging student loans if you can't pay them, but not if you simply don't want to pay them.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48872034) |
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Date: April 23rd, 2025 3:18 PM
Author: ,,.,.,..,.,.,,.,.,....,,,.,.,.,...,,.,.,..,..,,..,
That kind of moral hazard is incurred because the government backed the loans. I’d be fine with med school debt being dischargeable if the loans were provided entirely by private sponsors without government backing.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874617) |
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Date: April 23rd, 2025 3:42 PM
Author: .,.,,...,...,..,....,...,...,...
The problem with purely private loans is that private lenders probably will not lend to anyone other than STEM majors at elite schools. That's not ideal if you still believe that college should provide upward social mobility for low-income students. I am fine with government-guaranteed loans. If students pay the loan on time, the taxpayers will usually a get a better ROI than they would have if the money had been invested in Treasuries (which is the default for the Social Security trust fund). But the government should stop throwing money at schools/programs where nobody is paying the loans back.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874685) |
Date: April 22nd, 2025 6:32 PM Author: nubile turdskin
claw back all ERC, PPP funds over a 10 year period as well.
fair is fair
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48872070) |
Date: April 23rd, 2025 1:58 PM
Author: .,..,.,.;,.,,:,.,.,::,...,..,:,..;,..,
any form of loan forgiveness that doesn't involve something punitive and/or cost sharing from the universities would be a big L
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874232) |
Date: April 23rd, 2025 2:02 PM Author: blow off some steam
They should put out bounties on useless retarded jew and mystery meat admins and let debtors hunt them to pay off the debt
Only drawback is that debtors are lazy, retarded, and incompetent
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874252) |
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Date: April 23rd, 2025 2:36 PM
Author: .,..,.,.;,.,,:,.,.,::,...,..,:,..;,..,
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874465) |
Date: April 23rd, 2025 3:16 PM
Author: ,,.,.,..,.,.,,.,.,....,,,.,.,.,...,,.,.,..,..,,..,
I definitely agree with making them dischargeable.
However, as much as it would be vindicating to see university have their endowments clawed back, the clawbacks would be the final nail in the coffin of education for the purpose of being informed. By arguing that universities owe that money back to the government because the debtor failed to make a sufficient return on the investment implies that job training and remuneration are the sole purposes of our higher education system.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48874609) |
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Date: April 24th, 2025 4:36 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,.
"the clawbacks would be the final nail in the coffin of education for the purpose of being informed"
That is fine and even desirable. The entire notion needs to fucking die. You cannot hold on to archaic notions that "education is for personal growth" and combine that with public funding and a push for everyone to go to college. That notion was from when the only people that went to college were the children of the elites and them having enough money and employment opportunity was a foregone conclusion. No public money was ever involved. Once that changed the idea of "why are people going to college" with the inevitable reply of "to become prepared to have better jobs" should be the sole response for why college exists and is publicly funded.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48877717) |
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Date: April 24th, 2025 4:45 PM
Author: ,,.,.,..,.,.,,.,.,....,,,.,.,.,...,,.,.,..,..,,..,
I dunno man. It seems like in a democracy there are benefits to having people make informed decisions and capable of thinking reasonably rigorously. One of the biggest strikes against college today, in my opinion, is that it no longer provides that. It’s just diploma mills printing degrees for signaling (badly) to the job market.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48877736) |
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Date: April 24th, 2025 4:53 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,.
That's ass backward. People getting degrees in polisci, English, psychology, and the majority of bs they're studying doesn't do that at all. People majoring in business, comp sci and other STEMs, or going to CC to learn trades would do far more to teach people to think like intelligent, working people and become better voters. So my approach actually kills two birds with one stone. A real life example here is recalling how the college educated were far more stupid during COVID and BLM than supposedly less educated people. Almost like for many people college isn't teaching them how to think but rather a shitlib indoctrination exercise funded at taxpayer expense.
tl;dr - bullshit majors should be ruthlessly culled. Bullshit like women's studies shouldn't exist at all. Psychology should be limited to a tiny number of schools for a small number of positions that solely exists to train the necessary number of practicitioners. Art history, classics, so on should be tiny niche areas. And so on.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48877767) |
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Date: April 24th, 2025 5:53 PM
Author: ,,.,.,..,.,.,,.,.,....,,,.,.,.,...,,.,.,..,..,,..,
Your point is what I was alluding to in the second part of my statement. College is no longer really an education anymore. It’s rote memorization and conditioning to think within established paradigms. Passing calculus and hand writing an essay in cursive should be mandatory for getting a college diploma.
(http://www.autoadmit.com/thread.php?thread_id=5714773&forum_id=2#48877936) |
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