What happened to thread re: Obama's plan re Student Loans?

[Anonymous]

Thread disappeared this morning.

[jsteele]

No it didn't. In fact, when I went to look for it, it was the very next thread after this one.

http://www.dcurbanmom.com/jforum/posts/list/197108.page

[Anonymous]

It wasn't there when I searched. I did a "look through" and also a search. Glad it is back.

[jsteele]

Anonymous wrote:It wasn't there when I searched. I did a "look through" and also a search. Glad it is back.

It's not back. It was never gone. You just missed it.

[Anonymous]

I hope the government also gives money to the people that paid their own loans off. They should make the interest rate HIGHER for loans for degrees that pay lower salaries. This idea that education is one size fits all doesn't work. As a business you would charge a higher rate on a riskier loan (liberal arts) over a let's say Computer Science. This would also help our society turn out more usefull and employed individuals.

[Anonymous]

Anonymous wrote:I hope the government also gives money to the people that paid their own loans off. They should make the interest rate HIGHER for loans for degrees that pay lower salaries. This idea that education is one size fits all doesn't work. As a business you would charge a higher rate on a riskier loan (liberal arts) over a let's say Computer Science. This would also help our society turn out more usefull and employed individuals.

I am the OP on the thread and I completely disagree with you. We need teachers, we need artists, etc. God Bless the people willing to go into those fields knowing they won't become rich. Putting a higher interest on those type of degrees does a disservice and will dissuade even more people from going into those fields in the first place.

I do agree that not everyone is 'meant' to go to college. That we would do better to have technical training schools that mean something. Not everyone needs a 4-year degree but the way our country values it..it is required for even the most mundane jobs these days.

The problem is the loan sharks in the financial aid office and the trend for colleges to be like 'resorts'..state of the art gyms, dining halls, etc. The more financial aid is given out in the manner it is....the more schools know they can charge becuase they know more $ will always be there for kids to borrow. They'll end up paying about the same, but the loans will be bigger and bigger. The kids come out so saddled in debt they barely have a chance.

[Anonymous]

jsteele wrote:

Anonymous wrote:It wasn't there when I searched. I did a "look through" and also a search. Glad it is back.

It's not back. It was never gone. You just missed it.

I'm not the person saying it was gone but the search function if spotty. Sometimes when I know a thread is there it doesn't come up. I search an hour later, and bingo. I'm not complaining. I just think the PP might not have missed it.

[Anonymous]

Anonymous wrote:I hope the government also gives money to the people that paid their own loans off. They should make the interest rate HIGHER for loans for degrees that pay lower salaries. This idea that education is one size fits all doesn't work. As a business you would charge a higher rate on a riskier loan (liberal arts) over a let's say Computer Science. This would also help our society turn out more usefull and employed individuals.

Am currently earning 6 figures on a theology major. I don't see why I should pay a higher interest rate than some underemployed IT major just because you think you know who is going to be successful in life. You really have a problem with bitterness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I hope the government also gives money to the people that paid their own loans off. They should make the interest rate HIGHER for loans for degrees that pay lower salaries. This idea that education is one size fits all doesn't work. As a business you would charge a higher rate on a riskier loan (liberal arts) over a let's say Computer Science. This would also help our society turn out more usefull and employed individuals.

I am the OP on the thread and I completely disagree with you. We need teachers, we need artists, etc. God Bless the people willing to go into those fields knowing they won't become rich. Putting a higher interest on those type of degrees does a disservice and will dissuade even more people from going into those fields in the first place.

I do agree that not everyone is 'meant' to go to college. That we would do better to have technical training schools that mean something. Not everyone needs a 4-year degree but the way our country values it..it is required for even the most mundane jobs these days.

The problem is the loan sharks in the financial aid office and the trend for colleges to be like 'resorts'..state of the art gyms, dining halls, etc. The more financial aid is given out in the manner it is....the more schools know they can charge becuase they know more $ will always be there for kids to borrow. They'll end up paying about the same, but the loans will be bigger and bigger. The kids come out so saddled in debt they barely have a chance.

So true. Just went to a conference at a university and met a young woman from the UK who was traveling across the US. We told her about the conference and she decided to attend for the day on a lark. Lunch was at the college dining hall - which was nowhere near as fancy as I've seen them and nothing to write home about. She was *amazed* by the dining hall and gushed on about it. Going to college in the UK is quite different from the US!

[takoma]

Anonymous wrote: Am currently earning 6 figures on a theology major. ...

I agree with your point that it is bad policy to value an IT major over liberal arts or whatever, but I am curious to know whether your six figure income is from an occupation that actually depends on your major -- what is it you are doing, if I may ask?

[Anonymous]

Would you please post further comments on the original thread "WTF? Govt rewarding bad behavior Part II" instead of having two discussions on the same topic running simultaneously? Thank you!

[Anonymous]

takoma wrote:

Anonymous wrote: Am currently earning 6 figures on a theology major. ...

I agree with your point that it is bad policy to value an IT major over liberal arts or whatever, but I am curious to know whether your six figure income is from an occupation that actually depends on your major -- what is it you are doing, if I may ask?

I don't understand why people can't see this problem. You charge the same loan rates for all majors but the employers in our country pay more for certain skills and those job skills have a much higher chance of paying but their loans. Regardless we have SOOO many non-technical, science and math majors compared to liberal arts. The percentage of unemployment is MUCH higher in liberal arts and they can't pay back their loans. Until there is a shortage of liberal arts majors we should try to direct our children towards careers and skills that pay better or will offer steadier employment. To add to this theory if there were TOO many IT and math majors and a shortage of Liberal Arts majors, employers would start increasing salaries and recruitment of liberal arts majors. I know a lot of liberal arts majors who are making good money but besides college professors they got lucky and are doing things like ad sales etc... that had nothing to do with their major or they had to go in debt again to get a masters in a completely different field.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I hope the government also gives money to the people that paid their own loans off. They should make the interest rate HIGHER for loans for degrees that pay lower salaries. This idea that education is one size fits all doesn't work. As a business you would charge a higher rate on a riskier loan (liberal arts) over a let's say Computer Science. This would also help our society turn out more usefull and employed individuals.

Am currently earning 6 figures on a theology major. I don't see why I should pay a higher interest rate than some underemployed IT major just because you think you know who is going to be successful in life. You really have a problem with bitterness.

I hope you aren't the pastor of my church, , just kidding. 6 figures isn't really that much anymore, I actually HOPE you are my pastor and can afford to raise your family in a decent, caring and comfortable environment