gloopy

It helps funnel billions in additional money to already overpriced (because of way too much aid) colleges, who then further raise their prices as a result. I get why people do it, just like I get why some municipal employees scam their pensions by cramming OT in the last year or so then punch out with imputed extras for decades because of it; because they can, obviously.

All of these stupid programs that create more ways to dump money into "education" (really just school, as actual education across the board is a joke by comparison now) only help to increase the prices of it. Just look at all these colleges hiring many times more fake admin jobs for each actual teacher. Or the huge stadiums and rock climbing walls and theatres, 8 figure coaches, etc. They literally can't spend the money fast enough because they know that no matter how much they charge, it will be paid pretty much without question.

It effects us because so many aprents slave away dumping 6 figures per child into the scam, very often for 100% useless degrees in nothing, simply to provide an "experience" for them. That in turn makes us more financially vulnerable which only works against us in the long run.

For parents its a catch 22 and has been for some time. Now health care is more costly for everyone because they force up to 26 year old "children" to be covered which is a cost we all carry and much of that goes to further artificially subsidize the college scam.

It will soon be "free" of course, so we have nothing to worry about.

Baradium

I know it's been somewhat covered, but it's encouraged to go wherever you want, you just can't use it to visit multiple places. Point A to point B via the most direct route you can find. So no going ATL-LAX-SEA-ATL to visit Los Angeles and Seattle, but you can go to Denver to see friends instead of going home to Portland. It's explained the first day of indoc to new hires what the expectations are. You also need to have two flights to get you back without being late.

JamesBond

Just allow student loans to be bankrupted will fix a TON of problems.

tennisguru

No, that’s way worse, since we the taxpayers would be on the hook for all those trillions of dollars of loans. A better option would be to take the government completely out of the loan business. I think that would force loan companies to do more “underwriting” of student loans to look at grades and potential income after graduation before deciding to loan an 18 year old 100k+...

JamesBond

Initially. But after the initial wound heals, banks would stop loaning money for a doctorate in 15th century lesbian poetry. Really, we are saying the same thing.

gloopy

That would help some but not as much as a more comprehensive cutoff would.

GogglesPisano

Tell us more like ... is this poetry illustrated?

Vector Victor

Any word on today’s drop?

DWC CAP10 USAF

Class starts tomorrow

badflaps

You don't want to be anywhere near the southside of ATL today.