(10-17-2012 08:58 AM)DrTorch Wrote:  

(10-16-2012 09:43 PM)Tom in Lazybrook Wrote:  

(10-16-2012 05:06 PM)DrTorch Wrote:  

(10-16-2012 04:58 PM)firmbizzle Wrote:  

(10-16-2012 03:31 PM)Ninerfan1 Wrote:  Deflation could be the next bubble, though I'd say student loan defaults are more likely.

Yep. However you can't default on those. Durben/Cohen have a bill in the house to discharge private loans in bankruptcy. Guess who is blocking it?

WHy should they discharge it? It's a bad idea.

They should be telling people to stop wasting time and money on worthless degrees. The market is giving the signals, nobody should be trying to defy reality.

Easy solution to the for profit sham schools

Why single them out? State schools started this problem and are far more culpable.

State schools are FAR cheaper than private schools. They also have a FAR lower default ratio than for profit schools. State institutions are not the problem.

I am a graduate of a school where UNDERGRADUATE tuition and room and board is more than 60,000 per year (I went years ago when it was much more affordable). They pay their chancellor 6 million a year. They pay their former President over 2 million a year. Its endowment is in the billions. Why should the taxpayers subsidize those multi-million dollar salaries with cheap loans?

And its not just liberal groups that live off the 'private school gravy train'. Its also a LOT of conservatives as well.

But schools like GWU aren't the biggest offenders. They are the 'private for profit schools'.

(10-17-2012 09:05 AM)Tom in Lazybrook Wrote:  

(10-17-2012 08:58 AM)DrTorch Wrote:  

(10-16-2012 09:43 PM)Tom in Lazybrook Wrote:  

(10-16-2012 05:06 PM)DrTorch Wrote:  

(10-16-2012 04:58 PM)firmbizzle Wrote:  Yep. However you can't default on those. Durben/Cohen have a bill in the house to discharge private loans in bankruptcy. Guess who is blocking it?

WHy should they discharge it? It's a bad idea.

They should be telling people to stop wasting time and money on worthless degrees. The market is giving the signals, nobody should be trying to defy reality.

Easy solution to the for profit sham schools

Why single them out? State schools started this problem and are far more culpable.

State schools are FAR cheaper than private schools.

Irrelevant.

Quote: They also have a FAR lower default ratio than for profit schools. State institutions are not the problem.

Need to see evidence of that. Especially as more state universities are restricting access to in-state residents in favor of higher paying out-of-state residents. That's a crime too.

Quote:I am a graduate of a school where UNDERGRADUATE tuition and room and board is more than 60,000 per year (I went years ago when it was much more affordable). They pay their chancellor 6 million a year. They pay their former President over 2 million a year. Its endowment is in the billions. Why should the taxpayers subsidize those multi-million dollar salaries with cheap loans?

I never said they should. I think all higher ed needs revamped. But the drive to high costs by private schools in enabled by a dearth of affordable state schools.

Quote:And its not just liberal groups that live off the 'private school gravy train'. Its also a LOT of conservatives as well.

No it's not. You're looking at 90% libs, and that's probably being generous.

Quote:But schools like GWU aren't the biggest offenders. They are the 'private for profit schools'.

You'll need to provide proof. Which you won't be able to find b/c so few people go to the "private for profit schools" then default.

I'm sure there are plenty of UoP and Strayer students, but they aren't the biggest defaulters in total quantity.

This is just a consequence of yet another leftist Ponzi scheme.

(10-16-2012 05:06 PM)DrTorch Wrote:  

(10-16-2012 04:58 PM)firmbizzle Wrote:  

(10-16-2012 03:31 PM)Ninerfan1 Wrote:  Deflation could be the next bubble, though I'd say student loan defaults are more likely.

Yep. However you can't default on those. Durben/Cohen have a bill in the house to discharge private loans in bankruptcy. Guess who is blocking it?

WHy should they discharge it? It's a bad idea.

They should be telling people to stop wasting time and money on worthless degrees. The market is giving the signals, nobody should be trying to defy reality.

You are worthless.

(10-16-2012 05:10 PM)Ninerfan1 Wrote:  

(10-16-2012 04:58 PM)firmbizzle Wrote:  

(10-16-2012 03:31 PM)Ninerfan1 Wrote:  Deflation could be the next bubble, though I'd say student loan defaults are more likely.

Yep. However you can't default on those. Durben/Cohen have a bill in the house to discharge private loans in bankruptcy. Guess who is blocking it?

Given that they are all government backed now, like many mortgages, it'll be extraordinarily damaging to the economy.

See,ms to me it would be more damaging to the economy if they were all in private banks.

(10-17-2012 08:22 AM)Tom in Lazybrook Wrote:  I fail to understand why college tuition has dramatically increased while at the same time, average pay per instruction hour has actually fallen. Something isn't adding up. Actually I think I understand. So long as the government makes college 'affordable' by subsidizing expensive private (and sometimes for profit) schools, they can constantly raise tuition.

So you're a conservative now? Congrats.

Tuition went up b/c of increased demand. It went up dramatically b/c leftists (who love their Ponzi schemes) crammed in a bunch of their agenda into colleges, but weren't willing to do it for free (can I get a "greedy" from the congregation). Academic leftists are some of the biggest liars in the world. That they've hidden in institutions ostensibly based on "truth" just shows that leftists are vermin.

(10-17-2012 09:05 AM)Tom in Lazybrook Wrote:  

(10-17-2012 08:58 AM)DrTorch Wrote:  

(10-16-2012 09:43 PM)Tom in Lazybrook Wrote:  

(10-16-2012 05:06 PM)DrTorch Wrote:  

(10-16-2012 04:58 PM)firmbizzle Wrote:  Yep. However you can't default on those. Durben/Cohen have a bill in the house to discharge private loans in bankruptcy. Guess who is blocking it?

WHy should they discharge it? It's a bad idea.

They should be telling people to stop wasting time and money on worthless degrees. The market is giving the signals, nobody should be trying to defy reality.

Easy solution to the for profit sham schools

Why single them out? State schools started this problem and are far more culpable.

State schools are FAR cheaper than private schools. They also have a FAR lower default ratio than for profit schools. State institutions are not the problem.

I am a graduate of a school where UNDERGRADUATE tuition and room and board is more than 60,000 per year (I went years ago when it was much more affordable). They pay their chancellor 6 million a year. They pay their former President over 2 million a year. Its endowment is in the billions. Why should the taxpayers subsidize those multi-million dollar salaries with cheap loans?

And its not just liberal groups that live off the 'private school gravy train'. Its also a LOT of conservatives as well.

But schools like GWU aren't the biggest offenders. They are the 'private for profit schools'.

Obviously Torchy hasn't watched that Frontline where for profits and student loans were discussed. I guess that is surprising since it was on PBS. He sticks with more credible sources like Pajamasmedia.

http://video.pbs.org/video/1485280975/

(10-17-2012 10:22 AM)DrTorch Wrote:  

(10-17-2012 08:22 AM)Tom in Lazybrook Wrote:  I fail to understand why college tuition has dramatically increased while at the same time, average pay per instruction hour has actually fallen. Something isn't adding up. Actually I think I understand. So long as the government makes college 'affordable' by subsidizing expensive private (and sometimes for profit) schools, they can constantly raise tuition.

So you're a conservative now? Congrats.

Tuition went up b/c of increased demand. It went up dramatically b/c leftists (who love their Ponzi schemes) crammed in a bunch of their agenda into colleges, but weren't willing to do it for free (can I get a "greedy" from the congregation). Academic leftists are some of the biggest liars in the world. That they've hidden in institutions ostensibly based on "truth" just shows that leftists are vermin.

You are a loon.