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[–] [deleted] • 15 pts

Class action suit against colleges using the student loan program to hand useless degrees to blacks knowing they will never come close to paying it off. Colleges should be required to track the the percentage of students getting a job in their major withing a year.

[–] • 7 pts

To add to this, the default rate for people who complete college is quite low. Even for worthless degrees in navel-gazing. Going off of memory, ~92% of all student debt defaultees never completed even an associates degree. ?5%? of the remainder only completed an associates.

Almost all student loan defaults are the result of someone who shouldn't have gone to college being there. Either due to excessively low entrance requirements letting incompetents in or apathy on the part of the student.

[–] • 2 pts

The financial aid is what keeps the low level mid wits slurping at the debt trough. You get just enough money to get by without a job if you live at home or have roomates. Thankfully I had a fucking awful anthropology professor my second semester of freshman year that made me say fuck this and drop out. Best decision of my life had I stuck with it I'd be a wage slave and wouldnt have time to be writing this right now lol.

[–] • 1 pt

The same sort of thing happened to me, although it was a series of professors, and their absolute carelessness with grading. That made me realize I was paying thousands per year just to get a degree that meant less than nothing as asshats were passing because professors were too lazy to give a failing grade.

[–] • 0 pt

It could be worse, like a 100% graduation rate, which means that every idiot ends up with a university degree and those who truely deserve one end with a degree that's worthless.

[–] • 0 pt

I disagree. there are tons of things people should be free to study and not be forced to earn a living with... unfortunately, niggers and faggots study these things and don't have the mental capacity to understand that these things are supposed to be hobbies for the wealthy or retired- not intended to produce a living wage.

[–] • 0 pt

Not to mention all the useless employees at colleges. They have to get paid somehow... I think I read somewhere that university of Michigan has like 50 employees under the diversity inclusion and equity department where the Head makes upwards of $400k a year. I wonder why tuition has been going up???

[–] • 3 pts

Pale in comparison to the scholarships, all the other students are paying more so Biff can chase the dream of becoming a pro-sportsball athlete while majoring in Fuck All studies.

[–] • 1 pt

I think that many schools have a big enough sports fanbase that donates money (partially to continue being sportsball fans) that they should be able to account for their sports program out of those donations.

[–] • 2 pts

There are more administrators than teachers at universities now. Literal make work programs going on. They're getting away with it. That's the problem. If these werent' funded by the government (whether directly or via guaranteed student loans) they'd have to justify their expenses.

[–] • 0 pt

Yes make more laws to protect retards

[–] • 5 pts

The idea is to destroy the system so much people are begging for more government control, more compliance programs, and more bullshit

[–] • 2 pts

Simple as.

Yeah, loan offers are predatory, but nobody made you sign the fucking thing.

[–] • 1 pt

Much like big pharma shouldn't be prosecuted because people voluntarily took the gene therapy shots right?

People are stupid and corporations are evil. No need to choose either side of the false binary. We should cleanup the mess and fix the incentive structures.

[–] • 2 pts

If you owe the bank $40,000, that's your problem. If 40 million broke-assed college grads owe the banks $4trillion, it's the banks problem.

[–] • 1 pt

stop federally supported student loans. less people go to college to get useless fucking degrees and go to trade school/get normal jobs. colleges have to actually teach shit and reduce cost to adjust to the market. there, i solved the problem.

[–] • 1 pt

Screw banks and everyone else involved with student loans. Write the whole mess off and block it from happening again. No protection to the businesses loan out the funds.

[–] • 2 pts

But the thing is, the gov't backed those loans. Those banks didnt get screwed. They get their money from the government, government has all the time in the world to steal it from you. At least that's how I understand the scheme.

[–] • 0 pt

I think the various banks got the government to take on the loans. I just want the whole loan scheme to stop. If some institution is willing to loan money to someone for schooling, it's their problem if they get stiffed. They would be more careful to loan money if they knew bad loans were their problem. Plus the school loan deal just ended up driving the cost of schooling up.

Plus I like the idea of debt jubilees. Debt just cripples society and the wealthy just end up owning everything.

[–] • 0 pt

Yeah, I hear you. The thing that would piss me off if they forgive the loan, is what about the responsible people that actually paid it off? Do they get a refund? Why do the useless retards get off without paying? At least that is my thought on it.

[–] • 0 pt

Yes, the government guarantees schlomo gets paid. Which could be a summary of our government/financial system in general.

[–] [deleted] • 0 pt

your comments are faded out

[–] • 0 pt

And apparently a jew as well. Oh well.

[–] • 0 pt

Don't worry, AOU will be around to call you a shill shortly. How dare you not share his opinion of voat! And you use more than 1 website?! Gtfo.

[–] [deleted] • 1 pt

the universities should be the ones who loan the money out. the result would be a rigorous application and testing process. but alas, post-secondary education is a beast that must feed itself while the gov't (meaning us) backs the loans. i'm glad that student debt cannot be discharged through bankruptcy.

[–] • 1 pt

I feel like there should be a step in between

1.5 Don’t study useless bullshit that won’t give you any marketable skills.

Nobody should be getting a loan for any “studies” type or other navel-gazing majors. Study that shit on your own if you want to.

Don’t get me wrong, they should pay it back in any case.

[–] • 0 pt

Getting the govt out of student loans would solve that. Private sector lenders arent going to give arbitrary amounts of money to any idiot wanting to study basket weaving.

[–] [deleted] • 1 pt

Boomer take. Maybe kikes should fuck off. Problem solved.

[–] • 1 pt

Unfortunately, most 18 year Olds know nothing about money. In no other realm would an 18 year old qualify for a credit line anywhere close to the amount extended for student loans. The vast majority have no idea what they are getting into. They just sign what the financial aid officer tells them to sign. Parents should educate kids about how the loans work but that rarely happens.

[–] • 0 pt

I remember having the concept of loan collateral explained to me while I was a pre-teen. Most adults barely grasp that, much less how compound interest on college loans work.

[–] [deleted] • 0 pt

To be fair, they should not give loans to teenagers with no life experience and no work experience to get a degree in gay studies or Pokemon appreciation. Also, why would anyone get a loan for school? School should be free.

[–] • 1 pt

eh, “school should be free” is communist logic.

Academia requires professors, administrators and a team of blue collar workers. To say school should be free is to say those people have no rights and their work should go unpaid.

Its better to educate yourself (in non-stem fields) as really all “schools” do, is get small collections of people to read from the same book, then discuss the details of these books to reinforce the ideas of it, and finally the “teacher” gives grades based on testing the student on their ability to retain the info …at least until the test is over.

While I agree that the entire system has become a predatory money pit for the already insanely wealthy. Its completely fixable, and could easily be turned back into something productive and useful. It’s never been forced to change because no change has been demanded.

Kids should be there for 4 hours a day, not 8. “activities” should be reserved for weekends only, with real financial penalties for breaking these rules ANYWHERE. That’d allow the kids to become more productive elsewhere and elsewhere in life. Of course, you’d have to re-institute other aspects of society , like capital and corporal punishment.

Regardless of how much I dislike the idea of a small group of kikes killing off millions of “useless eaters” I can’t say that the planet isn’t drowning in useless eaters either. 3/5 of the global population resides in 2 countries. Their irresponsibility in keeping their population under control now has global implications. Time to weed those gardens out.

[–] [deleted] • 0 pt

Can't disagree with much here. But I will add that neither of my parents even finished high school and made about $20,000 a month combined. I have an MA in Linguistics and make $50 a month. I don't have much of a point. Just comparing how different things are from generation to generation. I'm not from this generation either. So things are much different now I think.

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