Posted on 01/04/2016 6:18:53 AM PST by artichokegrower
Because when there can be a risk of bankruptcy then the lender will NOT LEND OR CHARGE HIGH RATES TO COVER THAT RISK. That lender will be the college.
Then they will then be FORCED to lower their tuition costs.
Right now, colleges can charge whatever they feel like because they know students will be able to borrow the money no matter how bad their finances look on paper because the US GOVERNMENT WILL GUARANTEED THEM.
This is the UC system that made Angela Davis a full professor in charge of the History of Consciousness Department at UCSC. Huey Newton earned a Ph.D. in history of consciousness at the University of California at Santa Cruz in 1980. His doctoral dissertation was entitled War Against the Panthers: A Study of Repression in America.
UC leases housing at $9,950 a month for president (and former Homeland Security secretary) Janet Napolitano on top of annual $570,000 salary.
http://articles.latimes.com/2013/sep/16/local/la-me-ln-uc-rental-20130916
I thought CA already gave illegal aliens free tuition? Why not legal residents too? Seems they have plenty of money for everything and plenty of rich people to tap.
They give them in-state resident rates. I imagine they get some scholarship and grant money too
California simply needs to do what it just did for high school graduates, give everyone a diploma. Why go through the bother of having to complete four years of school went the state can simply issue a decree and give you a college degree at will.
Allow student debt to be discharged in bankruptcy.
Watch tuition rates fall to affordable.
NO TAXPAYER MONEY NEEDED,
This. All government involvement in Education is, is a wealth transfer scheme to Liberals. We need to bankrupt them anyways. We would get a bonus by eliminating a major source of Liberal indoctrination.
UCSC went through the whole Denise Denton debacle. Denton was the first openly gay, and at 45, the youngest person to be appointed to be chancellor in the University of California system by UC President Robert Dynes. She succeeded Martin Chemers, who served as acting chancellor following the resignation of M. R. C. Greenwood who became the University of California Provost.
Denton’s recruitment package would eventually include a $275,000 salary, $68,750 as a moving allowance, improvements to the chancellor’s on-campus residence which included a $30,000 dog pen initially budgeted at $7,000. Included in the deal was a tenured professorial appointment with a $192,000 salary, and a housing assistance allowance of up to $50,000 for her partner, Gretchen Kalonji. Denton committed suicide in 2006. Her partner sued the UC system for $2.25 million.
Oh my, worse than I could have imagined.
Re: High School
There is a constant drumbeat for everyone to finish high school. So?...If everyone can finish, then what does that say about the standards? The diploma is essentially worthless.
High fixed costs. Indoctrination is expensive.
Get rid of all the make believe majors, taxpayer-funded loans, and Marxist professors.
Maybe they should guarantee that the degrees that they offer are actually worth something.
Think college financial aid officers must present historical data about their programs, graduation rates, average earnings in first year, fifth year and tenth year. Then show the applicant what the loan costs over the length of the loan, what they pay back how it crushes their credit etc. Truth in Student loan lending law.
Be interesting for a woman studies major to find out that they can never earn enough and pay back their loans.
But Obama is going after gun control since it works so well in Chicago. There the gangs are allowed to have guns but law biding citizens not.
“A college graduate today will earn nearly $1 million more on average over her lifetime than a person who has only graduated from high school.”
Isn’t that minda the point to acquiring a degreee?
How are they going to guarantee something like that? Everything they have done has made it unaffordable.
It's a real sign of intellectual dishonesty and poor thinking, not a well-reasoned essay. I see it all the time in the SJ Mercury News.
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