Reply to Concerns That New Department of Education Earnings Test Could Undermine Arts, Public Service Degree Programs

Forum Index » College and University Discussion

Reply to "Concerns That New Department of Education Earnings Test Could Undermine Arts, Public Service Degree Programs"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Simplified, the proposed regulation states that federal loans would not be available if a degree holder earns less than an average HS graduate in their state.

According to AI, an average HS graduate in DC initially earns 39k year, a little over minimum wage.

If a specific college degree can’t guarantee that a graduate will make more than a minimum wage and requires to take loans to pay for it, then it is our civic duty to deny those loans. If colleges are truly in this for the betterment of society, they can discount non profitable degrees, offer merit aid, maybe even provide their own loans and see how it works out. Otherwise government needs to step in and prevent what is basically a predatory practice. 18 year olds don’t even have their cortex matured, the part responsible for making decisions and regulating emotions.

Also, how’s what government is proposing different from what a credit lender does? You want 100k loan to start a business, you better show that you can survive and at least do as well as other businesses in that space.

[/quote]

No, it is not our "civic duty" to deny those loans to young Americans trying to get an education, and no college degree is able to "guarantee" that a graduate will make more than minimum wage within a timeframe-there's a lot of factors that schools can't predict related to economic health, trends in hiring, and the ability of a specific student to use their degree to become gainfully employed.   You're buying an education, not a toaster.

And what hypocrisy to demand that American students who need loan must show that they can survive and repay.  The USA funds $40 bn in loans to Argentina to prop up a failing currency and hundreds of billions in military aid to Israel--it just shows that Republican priorities are to use taxpayer dollars for preferred allies, and not to invest in American students.  [/quote]

Not MAGA.
Not a Republican.

I don't know if this is the right tactic but I agree with the strategy.  We cannot keep burdening students with loans they cannot repay.  I don't think that the argument that we should allow them to burden themselves because we also pay for bombs to destroy Iran is not super convincing.  You can argue for free tuition at public university but that's a different argument.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics