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Reply to "involuntary collections of student loans"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We really need a system that distinguishes between in-state public education and everything else. It is in society's interest to have an affordable public college system that doesn't burden 21 year olds with loans. That's what we need to build and subsidize - affordable public colleges for qualified students. And everything else - private universities, LACs - should sink or swim with market demand. There isn't ever going to be public support for forgiving the loans of someone who chose to go a gazillion dollars in debt to attend NYU or Colby. And retroactively forgiving those loans does nothing to make college more affordable for this generation of students. Focus on public education, and let market forces sort out how private universities go about attracting students. I strongly suspect the cost of private colleges will go down significantly if we make it difficult for teenagers to go into debt to attend, especially when they have very good and affordable in-state alternatives. [/quote] All those Colby grads defaulting on their loans….? No, it’s disproportionately online grads. https://www.pewtrusts.org/en/research-and-analysis/data-visualizations/2024/who-experiences-default[/quote] +1. And the number one college in terms of student loans owed? Liberty University— and this is largely (but obviously not entirely) for online degrees. Now, let’s get real here— how much earning power does your online degree from Liberty University get you? [/quote]
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