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My concern with the CCC criticism is that (to me) it's as if we're in a burning house threatening to collapse at any minute, and we're tut-tutting the people screaming FIRE and instead commenting on the fine crown molding.Originally Posted by TechFanno1
I'm just not sure what else there is to DO. We can't force the powers that be to make good decisions.
That’s a very good analogy.
This is good news. I wonder how management will use this information to benefit the university - such as increasing enrollment.
Yes, increase enrollment...that's the ticket. Then the students can max out student loans. Tech gets paid and tax payers foot the bill.
I’ve always thought the schools should be on the hook for defaulted loans by their former students.
Yes. But as long as the money spigot is open, won't happen. And that won't get shut off as long as the two-fold goals of enriching bureaucrats and "redistributing" wealth continue to be met.
I would like to direct a question to the Administrator of the BBB. How is it possible for someone to change a reply after if has been posted? When I say "CHANGE", I mean cause the entire original reply to disappear and be replaced with a bogus entry. This should not be possible. IT HAPPENED! The guilty party should be identified and denied the privilege of posting for some specified time-long enough to discourage anyone from doing the same.
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"Error of opinion may be tolerated where reason is left free to combat it."
Thomas Jefferson
Student loans cause so much heartburn. The student gets heartburn when they learn that they are expected to repay the loan. We taxpayers get heartburn when we learn that our government is demanding that we repay any unpaid loans. Yet, the loans continue to be made available as if nothing is amiss with the program. I suggest that if a university has an endowment above an established limit, then the university should be the party to make the loan to their student. Objective accomplished. The student gets the loan and the university takes the risk. If this plan were adapted, I will bet the ranch that there will be fewer loans and almost zero defaults on loans. As for the students attending universities with endowments that fall below the minimum required to make a loan, then you should all investigate attending Louisiana Tech University.
"Error of opinion may be tolerated where reason is left free to combat it."
Thomas Jefferson
This above post made possible by one of the charter members of the CCC Club. An increase in enrollment is a positive thing, yet PawDawg has to find fault with it.
"Error of opinion may be tolerated where reason is left free to combat it."
Thomas Jefferson
I think whoever took out the loan should be responsible for paying it back. Not we taxpayers and not the schools. Just my not-so-humble opinion.
BTW…
That’s how Liberty is in a New Years Bowl.
They have huge Athletic Fees and get students to take max loans to pay for it. Look it up. Christian online universities such as GCU and Liberty are huge partakers of students taking out student loans (and encourage it!)
I don't disagree, but a school essentially tricking a gullible teenager into hundreds of thousands they'll never be able to repay (again, largely lining bureaucratic pockets instead of actually providing value) must bear some culpability.
An additional "solution" is to reduce degree inflation; most people should not go to college, and entrance requirements should be much, much higher. These two things would significantly reduce the load on the taxpayer, as well as focus loans towards those who can both understand their liability and will be able to repay it.
Sadly, that's political suicide as it means people who have no business or ability to learn will not get access to free services.
By the time a student has to pay back a loan, they are more than likely a tax payer. Its not just your taxes. Its everyone’s taxes, including mine, and including theirs.
Is that what schools do, trick a gullible teenager into taking a loan? What about the gullible teenager's parents, are they culpable? Hey mom & dad, I'm off to college to major in basket-weaving and gullible teenage studies, and I'll be racking up debt out of my ying-yang! Okay, son (or daughter) we're so proud of you...
No one wants to be responsible for their own actions these days. It's always someone else's fault.
How's that "increased enrollment" crap working out for you and the sunshine pumpers so far? We've been fed this BS since D.R. was spewing his crap. It's consistently gone down since. We are a commuter school and there is no real loyalty from most who get a Tech degree. That's on our administration. Keep drinking the kool aide.
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