Quote:
Originally Posted by aussenseiter
[You must be logged in to view images. Log in or Register.]
The counter has to be that a 2003 Republican majority intended for and approved student loan forgiveness at the stroke of executive pen.
That dog won't hunt and didn't.
|
Hey, I am fully versed on the BS the past 20 years of college grads were being sold. No friend am I of the "fuck your feelings" crowd. College was a always a "contract: do X, get Y, where Y did not = "woah that's a nasty debt!"
But these loans have all been monetized and the given the entire "The Big Short" treatment. This is 2008 2.0. 2008 was housing debt, this is college debt.
- subsidizing olde tech is for the Amish
- College as we know it is old tech
- This debt is all woven into the global financial system
- Just like the mortgage market was
- These are dead loans, people will just stop paying them
- talking about forgiving them only put a spotlight on this problem
- you can't "forgive" them in anything aproaching a fair way.
- this is a 2 trillion dollar active market
We can't just subsidize "hey free 4 year stays at cool places for everyone!"
Technologically we can
easily deliver *quality* Bachelor's level courses of study for pennies on the dollar using 1) new tech, and, 2) MANY unhappy employees of the decaying rotten college system, who just want a damn sane job.
This is what it felt like to the manuscruptorium business after the invention of the printing press, essentially. Bye! Maybe the rich want hand-lettered books, but print is mint!
TL;DR adjust concept. Education no longer equals "the school" It equals the knowledge and it's effective sharing with each generation of students.
This no longer requires The Dead Poet Society nor Roll Tide Roll.
timestamp. Inside the industry, we have known this was coming since the 90's.