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Forums - General - OT: Student loan default rate in USA higher than reported.

FreeTalkLive said:
Homer_Simpson said:

university education should be funded via general taxation, same with all other levels of education.


Exactly, your taxes should be increased to pay for the university education of everyone else.  Maybe start now by giving all of your money to everyone else :)


If you don't want to attend college then you're not going to have much to tax anyway.  Considering how much more productive college grads are, providing it for free would create a massive increase of wealth that would eventually pay for the initial costs.



You do not have the right to never be offended.

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The real question is the worth of the degrees and whether or not some degrees are excessively padded with useless stuff. There are a lot of courses which could be shortened substantially without any negative effects.



Tease.

Homer_Simpson said:
FreeTalkLive said:
Homer_Simpson said:

university education should be funded via general taxation, same with all other levels of education.


Exactly, your taxes should be increased to pay for the university education of everyone else.  Maybe start now by giving all of your money to everyone else :)


im not talking about all anyones money, im talking about a fair amount that you or I should give up depending how much we earn for the benefit of society as a whole.

not my fault if you are greedy.


Great so lets tax the poor people who already can't pay their bills for other people. Not a smart move.



Metallicube said:

Thanks to this grad degree in digital cinema I'm going to have upwards of $35,000 in student loans, plus the loans from the university where I got my bachelors. I'm probably going to be paying these loans off for a good 10 years. All I can say is this grad degree better land me a decent career..

Have you found out anyone who actually hires people with grad degrees in digitial cinema? I am sure you love the subject, but where is it in demand?



ramses01 said:
numonex said:

More people should consider doing a trade instead of taking out a huge personal loan from a loan shark for a second rate college diploma. $40,000 college personal loan can easily spiral out to $100,000 due to high interest rates. 


you do realize that student loan rates are usually some of the lowest rates out there right?

And unlike other loans, you can't get out of them EVER.  You will have wages garnished, even if you go into default.



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Wagram said:
Homer_Simpson said:
FreeTalkLive said:
Homer_Simpson said:

university education should be funded via general taxation, same with all other levels of education.


Exactly, your taxes should be increased to pay for the university education of everyone else.  Maybe start now by giving all of your money to everyone else :)


im not talking about all anyones money, im talking about a fair amount that you or I should give up depending how much we earn for the benefit of society as a whole.

not my fault if you are greedy.


Great so lets tax the poor people who already can't pay their bills for other people. Not a smart move.


not what I said at all, are you incapable of reading posts correctly or something?

poorer people should pay less tax because they can afford to pay less, rich people should pay more because they can afford to pay more

"from each according to his ability, to each according to his need" Karl Marx



Not surprising. There are a glut of college students with degrees, but no jobs to put them at.

I'll throw my hat in concerning the issue of paying for college education via taxation:

The issue with this is that not all jobs need college education. Yes, many of the good ones do, but not all do. Therefore, if you provide everyone with a free college education, many of them will not use it due to lower-skilled jobs that are filled via trade school or no college education at all. In such instances, it would be unfair to both the tax payer subsidizing useless education, and the person that doesn't need the college education.

College is optional, not mandatory. The best way to deal with it is to promote scholarships and philanthropy that can ensure that those with the desire to go to college will have apt funding for it. Unfortunately, in America, every youth has the notion that college is a must to succeed, which is absolutely false. Yes, many good careers need it, but I've met and know tons of kids that went t college and don't work in their initial field of study because they either stopped caring or simply couldn't find a job where they wanted to work.

 

Going further, the entire structure of college education is a sham, IMO. We need to go back to on the job training, and apprenticeships more than what we do now. We throw kids into education with no promise of a job, or inclination that they'll stay in that field. Rather, companies should work to hire bottom-level interns, see if they have merit (good work ethic, smart, willing to work, ect), then pay their way through school. There are companies that do this, and I applaud them for it.



Back from the dead, I'm afraid.

Based on unpublished data with no information about how the study was performed?  I'm calling BS on this.  This is not how statistics work.  You can't just (poorly) report your findings and nothing else.  They fail to use ranges, instead using point values which are very misleading.  They don't give you any idea about standard deviation or anything.


I mean, I could claim 98% of gamers are gay based on my unpublished data.  That doesn't make it true.



tarheel91 said:

Based on unpublished data with no information about how the study was performed?  I'm calling BS on this.  This is not how statistics work.  You can't just (poorly) report your findings and nothing else.  They fail to use ranges, instead using point values which are very misleading.  They don't give you any idea about standard deviation or anything.


I mean, I could claim 98% of gamers are gay based on my unpublished data.  That doesn't make it true.

If you disagree with the data of the original post, find data you consider more accurate.  The problem with the U.S government data, is that it only looks at default rates within the first few years.  Nothing is found for longer out.

Here is another article:

http://www.nytimes.com/2010/09/14/education/14colleges.html

The default rates represent a snapshot in time, examining only borrowers whose first loan repayments came due from Oct. 1, 2007, to Sept. 30, 2008, and who defaulted before Sept. 30, 2009. Those who defaulted later were not included in the data; over time, default rates increase substantially.




Homer_Simpson said:


not what I said at all, are you incapable of reading posts correctly or something?

poorer people should pay less tax because they can afford to pay less, rich people should pay more because they can afford to pay more

"from each according to his ability, to each according to his need" Karl Marx

Are you seriously suggesting communism as a good thing?

There are what, two communist nations left (it's hard to tell depending on how you define it).  In North Korea, well, that's like the poorest nation on earth.  And then there is Cuba.  Where around 1 million government workers are losing their jobs and the government removes more and more communist regulations every month or so, http://www.allvoices.com/contributed-news/6758503-cuba-to-lay-off-1-million-government-workers



 

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