root causes
Oh, great! So it's going to restore all that state funding that universities used to get? The funding that student loans were used to make up after it was cut?
No?
Oh well.
this post was submitted on 15 Jun 2023
0 points (NaN% liked)
World News
22059 readers
36 users here now
Breaking news from around the world.
News that is American but has an international facet may also be posted here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
For US News, see the US News community.
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
So their plan is to ensure students know the costs upfront (This is already done) and then to limit certain students from borrowing. What a wonderful idea to bring home to your constituents while not addressing the issue of rising costs.
This does nothing to address one of the most expensive aspects of attending college - room and board. With rent and real estate prices climbing dramatically, this is a huge (>50%) part of the expense of college for those who cannot live at home. Students get loans to help cover that and over four years it adds up to many tens of thousands of dollars.
great point. don’t forget the books tho! that industry needs some reigns put on it and to prevent professors from preventing the use of used books!
This is very true in my experience. My college expenses were slashed in half when I moved out of the dorm and into a tiny studio apartment across the city from my campus. It also really hurt my ability to study when I was so far from campus. It hurt my studies even moreso when I needed to take on a part time job to try mitigating the costs of my rent. It's a really toxic system, because the parts of cities with universties tend to be the expensive parts of cities.
Sounds good on the face of it but really doesn’t address the mountain of debt most people are in currently. Agreed that schools and deceptive lending practices need to be reigned in, but let’s be real here, this doesn’t really address the root cause of the problem which is runaway costs. As long as people are willing to take the loans out the schools will continue to charge what they want. From what I read it’s just kicking the can down the road and putting the onus on a young student coming out of high school to make the right decision.