Anonymous wrote:Anonymous wrote:Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Teacher here. The local school board decides how much I get paid. They are elected and want to get reelected (paid position) and don't want to raise taxes. So it's not market forces that are "doing its thing". Most of them don't have children in the schools either. Public schools are not part of the "free market".
Local school board does not set tuition for colleges. No one is talking about K-12.
Huh? This is in response to the PP saying we don't need loan forgiveness for people with degrees in any service professions including teachers, nurses, because they believe the free market will raise wages in those professions.
Anonymous wrote:Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Teacher here. The local school board decides how much I get paid. They are elected and want to get reelected (paid position) and don't want to raise taxes. So it's not market forces that are "doing its thing". Most of them don't have children in the schools either. Public schools are not part of the "free market".
Local school board does not set tuition for colleges. No one is talking about K-12.
Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Teacher here. The local school board decides how much I get paid. They are elected and want to get reelected (paid position) and don't want to raise taxes. So it's not market forces that are "doing its thing". Most of them don't have children in the schools either. Public schools are not part of the "free market".
Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Anonymous wrote:During the onset of the coronavirus outbreak, newspaper articles wrote that traveling nurses could earn at the rate of over $400,000 per year with massive amounts of overtime based on a base pay rate of $90 per hour ($180,000 for 2,000 hours = 50 weeks x 40 hours per week plus $135 per hour overtime rate. X 40 X 50 = an additional $270,000 for a total of $450,000).
Someone who actually worked 40 hours of overtime per week might trigger double time at some point instead of just time and a half.
Transportation, hotel/motel room and meals were also paid for the travelling nurses.
But the work can be very stressful and exhausting.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Totally agree for services that aren't essential, but for essential services, the lapse in waiting for that to happen comes at the expense of the American people. I didn't agree with loan forgiveness for all, but I could absolutely support improved loan forgiveness for certain professions.
This is ridiculous logic. If it was essential and in short supply, it would be well paying.
...and the nursing shortage continues...
Anonymous wrote:Anonymous wrote:Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Totally agree for services that aren't essential, but for essential services, the lapse in waiting for that to happen comes at the expense of the American people. I didn't agree with loan forgiveness for all, but I could absolutely support improved loan forgiveness for certain professions.
This is ridiculous logic. If it was essential and in short supply, it would be well paying.
Anonymous wrote:Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Totally agree for services that aren't essential, but for essential services, the lapse in waiting for that to happen comes at the expense of the American people. I didn't agree with loan forgiveness for all, but I could absolutely support improved loan forgiveness for certain professions.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Agree. I’d support income based repayment/forgiveness over 20-30 years with a 10 year repayment/forgiveness for certain lower paying public service jobs.
Note that for high need, low paying public service jobs such as nursing, federal loans already get placed on a 10 year plan if it's a 2nd degree/career change, so those programs still don't benefit/incentivize those professions. My federal loans were $300 a month on a 10 year plan at something like 6% or higher interest.
High need usually translate to high pay relative to other jobs of similar skill level requirements.
If we're talking about nursing here, not high pay (which is why it's such a needed profession and has very high turnover, low retention, nursing shortage is a significant issue for healthcare throughout our country, and on and on). More also needs to be done to reform healthcare to make nursing more desirable especially to those who have the degree but get burnt out so quickly, but that's a separate issue. Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Anonymous wrote:Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.
Wouldn't it make more sense to let the free market do its thing, and allow pay rates to rise for those professions if there are not enough people with the needed qualifications to do the work?
Would folks have an issue with loan repayment for police academy? Do they have an issue with US military receiving tuition benefits? It shouldn't be an issue to extend that concept to service professions such as nursing, teachers, etc.