No debt, especially debt specifically marketed to young people, should be exempt from bankruptcy. Bankruptcy is an important check against predatory lending, and the exemption from bankruptcy laws is a formula for slavery. As stated by George Bernard Shaw, "debt is modern man's substitute for whips and chains."
I agree but I also believe that schools push useless degrees with lifetime debt. Just like anything else in life those schools should live with the possibility of being used for fraud
Depends what degrees.....an arts degree is a business fraud. MOST will be unemployable in any art field. What disclosure was made to that end by the college offfering the degree for 30k or more per year?
That's the educable component to all this....and until that's addressed the colleges are just as culpable as a car dealer selling granny a Corvette on credit
If we can agree on something, it's that modern society pimps college as a necessity. It's not. It's largely a scam. So that right there is conspiracy. Secondly, tuition is a completely fabricated number that some egregious asshole plucked from the thin air and declared "this is the cost of a degree!"
It's not. That's the cost to line their pockets whilst you sink into debt.
So on the one hand, I agree it's basically a contract and they should be honored. On the other, it's all too frequently a deceptive, fraudulent contract that shouldn't be enforced.
Also, in state college students should attend free of charge.
I can get behind your last statement if we the taxpayer had a viable return on our investment. IE a degree that pays, not some panty waste degree in a dying or dead market. And, if the student doesn't finish, or doesn't stay above a certain GPA (3.0 is average) we get our money back. They owe every cent back
I was on campus one day with one of my daughters at the university she decided to go to and I was livid at the amount of buildings fully running air and electricity and she was telling me they don’t use those building. Over a third of the campus buildings were not in use for students but steadily racking up electricity bills. I made the comment so your high tuition is paying for empty buildings and no students inside and degrees that will get you a chance to flip burgers at McDonalds… so yes completely agree on the tuition is a fabricated number… they are just another form of fraud stealing from our kids promising a future that is unattainable with debt they will be sitting on at the end.
One day this debt to the fraudulent federal reserve bank, the printer of all that fake money, will be dissolved. No tax payer contributed to those loans, theybwere printed out of thin air. The interest should all be applied to the principle in all school loans now. The rest of the principle is paid back same as before but interest free zerimpercent. Money system.is about as stupid as it comes. Nothing of value on the fiat end.
No debt, especially debt specifically marketed to young people, should be exempt from bankruptcy. Bankruptcy is an important check against predatory lending, and the exemption from bankruptcy laws is a formula for slavery. As stated by George Bernard Shaw, "debt is modern man's substitute for whips and chains."
I agree but I also believe that schools push useless degrees with lifetime debt. Just like anything else in life those schools should live with the possibility of being used for fraud
Poor value return for money spent.
Depends what degrees.....an arts degree is a business fraud. MOST will be unemployable in any art field. What disclosure was made to that end by the college offfering the degree for 30k or more per year?
That's the educable component to all this....and until that's addressed the colleges are just as culpable as a car dealer selling granny a Corvette on credit
Agreed. These are the people who end up “working” in NGO’s or occupying bs government jobs, making everyone they interact with lives miserable.
I actually don't agree.
If we can agree on something, it's that modern society pimps college as a necessity. It's not. It's largely a scam. So that right there is conspiracy. Secondly, tuition is a completely fabricated number that some egregious asshole plucked from the thin air and declared "this is the cost of a degree!"
It's not. That's the cost to line their pockets whilst you sink into debt.
So on the one hand, I agree it's basically a contract and they should be honored. On the other, it's all too frequently a deceptive, fraudulent contract that shouldn't be enforced.
Also, in state college students should attend free of charge.
I can get behind your last statement if we the taxpayer had a viable return on our investment. IE a degree that pays, not some panty waste degree in a dying or dead market. And, if the student doesn't finish, or doesn't stay above a certain GPA (3.0 is average) we get our money back. They owe every cent back
I was on campus one day with one of my daughters at the university she decided to go to and I was livid at the amount of buildings fully running air and electricity and she was telling me they don’t use those building. Over a third of the campus buildings were not in use for students but steadily racking up electricity bills. I made the comment so your high tuition is paying for empty buildings and no students inside and degrees that will get you a chance to flip burgers at McDonalds… so yes completely agree on the tuition is a fabricated number… they are just another form of fraud stealing from our kids promising a future that is unattainable with debt they will be sitting on at the end.
Let the Dept. go bankrupt and eliminate it. The federal government should not be dictating education.
One day this debt to the fraudulent federal reserve bank, the printer of all that fake money, will be dissolved. No tax payer contributed to those loans, theybwere printed out of thin air. The interest should all be applied to the principle in all school loans now. The rest of the principle is paid back same as before but interest free zerimpercent. Money system.is about as stupid as it comes. Nothing of value on the fiat end.