Quote:
Originally Posted by 12clicks
The only reform student loans need is to not have them backed by the government and make them cancelable in bankruptcy
|
That's two large reforms and I agree on both counts, but I'd go further.
I'd add transparency laws with teeth so all schools need to release the percentage of revenue spent on current students each year. I'd do away with 'college degree requirements' on most governmental jobs. I like Obamas community college act idea, if it can be tied to minimum credit requirements and standardized testing minimums because it creates downward pressure on low end school pricing. I'd regulate the incoming class size of schools based on the employment records of their last 4 years of graduates and create other initiatives designed to incentivize schools to help student gain employment post graduation.
There are a lot of things that would help. Charging 200K for a degree with no employment on the horizon just so they can securitize and sell student debt the way they packaged and sold mortgage debts isn't good for the country.
