patrick.net

Seems like a great idea. One of the missing pieces is the admission policy.

pudil says

Loans are the wrong product. It should be an annuity sold by the schools to the investors. Students pay no tuition and get a small stipend for living expenses. In exchange, students agree to pay a percentage of their income to the school for a period of time post graduation. That income stream funds the annuity the school sells.

I love this idea, but universities will hate it because it would force them to be responsible about providing a useful education instead of merely exploiting students.

With interest.

Patrick says

pudil says

Loans are the wrong product. It should be an annuity sold by the schools to the investors. Students pay no tuition and get a small stipend for living expenses. In exchange, students agree to pay a percentage of their income to the school for a period of time post graduation. That income stream funds the annuity the school sells.

I love this idea, but universities will hate it because it would force them to be responsible about providing a useful education instead of merely exploiting students.

Shitty schools that don’t care about actually imparting useful skills to their students. But I see no reason why a decent school couldn’t make even more money with this approach.

All that money students are paying in interest is money that the school could have had. The income from a graduating class in aggregate would be extremely predictable, so then you’d just need investors to buy shares in that class. It would be an extremely safe investment, lots of interest.

Meh, funding college is an easy financial product to figure out. I’ve come to realize that it’s just welfare for 20 something’s that has the side benefit of making them corporate slaves that have to work plus dependent on the government. It’s working as intended I think.

One can always take their edumacation and move overseas. No need to repay anything then.

RWSGFY says

One can always take their edumacation and move overseas. No need to repay anything then.

"Overseas" likely has no use for genders studies and related academic abominations.

RWSGFY says

One can always take their edumacation and move overseas. No need to repay anything then.

Only if you don't plan on coming back and don't plan on getting social security. Your US credit will be ruined and the DoE will garnish your social security checks when you 'retire', specifically.

Trollhole says

RWSGFY says

One can always take their edumacation and move overseas. No need to repay anything then.

Only if you don't plan on coming back and don't plan on getting social security. Your US credit will be ruined and the DoE will garnish your social security checks when you 'retire', specifically.

Gain something - give up something else.

Trollhole says

The guy who wants his tax dollars sent to Ukraine must be a Soviet citizen, LOL. Because it's Soviet money which are being spent to repel the Red Army. The question is: why the fuck he is not deported to his native open abortarium of a country.

The goal isn't to forgive student debt, the goal is to prolong the dangling carrot con of student loan debt forgiveness for the entitled yute vote.

Political promises under Dems are made to be broken, and Satan smiles. If they didn't break as many of their promises as possible, their adrenochrome rations are cut.

Ceffer says

The goal isn't to forgive student debt, the goal is to prolong the dangling carrot con of student loan debt forgiveness for the entitled yute vote.

Bingo.

Eric Holder says

The guy who wants his tax dollars sent to Ukraine must be a Soviet citizen, LOL. Because it's Soviet money which are being spent to repel the Red Army. The question is: why the fuck he is not deported to his native open abortarium of a country.

???????

Soviet Union has not existed for 30 years, pal.

Patrick says

What are we going to do with a military that big? What are purple-haired baristas with gender studies degrees gonna do in that military?

RWSGFY says

What are we going to do with a military that big? What are purple-haired baristas with gender studies degrees gonna do in that military?

Set themselves on fire from their Anime Anarchist account.

Patrick says

What? To start a war with Iran? Kazakhstan? Liberia? Ethiopia?

Who cares? As long as it's another fucking war, our government can pilfer 100's of billions of dollars from taxpayers, setup schemes to funnel this money back to themselves, and leave us holding the fucking bag, AGAIN, like they've been doing for 25 years. Who cares how many people it kills, how much it costs US taxpayers, who gives a shit? Let's waste more fucking money, and remember, these are the people doing it:

Patrick says

Democrats just shit all over working class America.

Forgiving student loans even offended long time Dem shill James Carville:

“Why are we forgiving student loans for people that go to Harvard? Which, according to Scott Galloway, quite accurately, is nothing but a hedge fund that has classrooms. Well, they got a $52 billion f**king surplus,” he continued, “Why are taxpayers going to bail these people out? Why don’t you come out with a proposal to tax every university with an endowment of over $5 billion and use that money to give their former students relief?”
https://americanwirenews.com/james-carville-not-a-big-fan-of-his-partys-messaging-full-of-sht/

Taxing endowments was long a Trump proposal, and an excellent idea. Also, do not use the endowments to pay off loans, use them to reimburse tuition. Reimbursing tuition is more fair to those who paid through savings, worked their way through, or chose hard majors that actually had future market value.

Back in the 1980's,TX universities charged $500 per semester. By the late 1990's it was about $1000 a semester. It was almost the same for NY - any SUNY university was $1000 a semester.

The middle class is being thrown under the bus. All hail globohomo.

https://www.coffeeandcovid.com/p/kong-thursday-august-29-2024-c-and/comment/67157447

Susan
51 mins ago
I still have student loans, I looked at my statement recently, as I had put on automatic payments, but it only appeared to be for one of the loans, which I did pay off, but have others. When I looked at the federal website for my loans, it shows they are in deferment until 2033 and 2043. Just so you all know, I didn't ask for that, they just up and did it. If the world (or me) doesn't end this next year, I still hope to pay it off.

The nature of a student loan is it's based on
1. zero credit
2. zero collateral
3. zero assets of the student

There is no way that such a loan should be forgiven at taxpayers expense.
Also, banks should not get fucked over because they lent money to a loser.
Banks are a business with shareholders who don't deserve to get fucked by the losers.

clambo says

The nature of a student loan is it's based on
1. zero credit
2. zero collateral
3. zero assets of the student

There is no way that such a loan should be forgiven at taxpayers expense.
Also, banks should not get fucked over because they lent money to a loser.
Banks are a business with shareholders who don't deserve to get fucked by the losers.

You cannot be serious? Yes, the taxpayer should definitely not be on the hook. Please don’t overlook some of the even dumber things the taxpayer is on the hook for though…$35,000,000,000,000 and counting.

It’s the banks, ok? The banks are in collusion with .gov though. What to do, what to do?

The banks and the government don’t give no shit about you or I.

Student loans are ridiculous. With the internet, anyone should be able to get a bachelor level education for less then 1K.

Once there, graduate level education actually pays the student for most degrees as you are doing useful research for the professor.

The exception is medical and law which are highly protected by regulations so you gotta spend 2-4 extra years wasting your time before you can be of actual use. But anyways, those professions are on the way out.

NewGuy says

The exception is medical and law which are highly protected by regulations so you gotta spend 2-4 extra years wasting your time before you can be of actual use. But anyways, those professions are on the way out.

Medical and Law professions are on the way out?

NewGuy says

Student loans are ridiculous. With the internet, anyone should be able to get a bachelor level education for less then 1K.

It's not even bachelor level. It's learning a skill. You have to pay for things you're not interested in to get the degree you're interested in. This is why trade schools are going to make a killing in the decades upcoming.

My wife's cousin did a stint in the national guard and got his welding certificate. He's 23 and will probably make more than most college grads.

GNL says

Medical and Law professions are on the way out?

Yes. Have a seizure and try to find a neurologist. Near a year deep in my ordeal. I'm technically not supposed to drive a vehicle. It's impossible to get an appointment. Got lucky early on right after it and got my initial appointment. Then took me 7 months to get another appointment. It's not worth it to get in the medical field. Maybe nursing I suppose which you can do at a community college. It's not worth the time or money to be a doctor anymore. They don't pay that well. Not joking either.

Lawyers will stick around. I don't see as many getting into it now though. Even if you have a paralegal on staff, it's annoying work. It's miserable. My dad was and sister is a lawyer. Your average lawyer is not a partner in some firm where it's just wine and dine clients. Party, drink and do coke making $1M/yr. Usually they make $90-150k/yr. And unless you see their tax returns, most are liars, that's their job.

The only reason why doctors or lawyers exist is due to legal protectionism. However, for medical especially, it’s too expensive and so the profession will be forced to modernize.

In 10 years you’ll be able to chat with an AI, get diagnosed, and get your prescriptions. Nurses will do most in person examinations guided by AI. Robots will do most surgery. There will still be a few high level specialists doctors, but there won’t be a ton of those positions and anyways, most doctors aren’t smart enough for that anyway.

As far as lawyers, AI will write and examine most legal documents. They will also advise on most legal issues and do research. This is 90% of what lawyers do. You still need to have trial lawyers and judges, but the huge law firms backing the trial lawyers will be gone.

Basically we are headed for a world where unless you are the top 1% of your medical or legal class, your job is gone.

WookieMan says

's not worth the time or money to be a doctor anymore. They don't pay that well. Not joking either.

For example?