My parents are low middle class. We didn’t qualify for any financial aid and they were tasked with trying to find a way to send both my sister and I to college which they couldn’t afford.
So what did we do? Take out a bunch of loans. Good thing I got a decent job that can pay for them. Too bad for my sister who had a masters and is making $35k as a teacher in Tennessee which is barely more than minimum wage.
If it's a public school, those loans should begin falling off after five years and be forgiven after ten [1].
[1] https://www.forbes.com/advisor/student-loans/teacher-student...
Loan servicers had every incentive to thwart this by declaring payments late or incomplete, steering borrowers into forbearance or non-qualifying repayment plans, etc.
As you can imagine, fewer than 1% of applicants successfully had their loans discharged.
They've been trying to fix things since the pandemic for people who consolidate to a federal direct loan.
There will be gazillion universities overnight similar to coding bootcamps - all competing for state funded tuition without any regard to quality
This is the real crime.
The sequential requirement has been removed, right?
Oh and that’s not even considering how much of her own $$$ is needed to successfully supply a classroom and how barely any is tax deductible.
Her experiences almost single handedly altered my political viewpoints and who I vote for.
Just further down the education funnel and accessibility will be relative to navigating the barriers in K-12
I believe it's possible to have loans forgiven if you work in certain industries (like public school teaching) for enough years, but it's not a few years — more like a decade or two.
If you think someone who gets a masters shouldn't have to pay back their loans, I'd counter that such a policy would be a wealth transfer from taxpayers to universities. Masters degrees are almost always a negative ROI endeavor, once opportunity cost is factored in. We shouldn't be subsidizing them even further, which will lead people to get even more of them, given how little they add to future earnings.
> No administrator of any education system may be paid more than twice the lowest-paid teacher, no matter how many hours that teacher worked during the school year. A teacher is anyone who is responsible or in charge of children or students. Political salaries are deemed administrative of the educational system that is under the purview of that elected body.
> Problem with free tuitition is it only incentivizes cash grab from educational institutions.
my understanding is that "free college" usually applies to public institutions (state college/universities)...?
Problem is with American University itself, its overbloated mandate, abysmal efficiency, and dysfunctional bureacracy that has very little to do with actual education and its outcomes
The difference is day and night, especially in academics.
Public schools became sort of free daycare. I fear public universities will become something like that plus job program for bureacrats unemployable anywhere else (just like with any state government)
> Problem is with American University itself, its overbloated mandate, abysmal efficiency, and dysfunctional bureacracy that has very little to do with actual education and its outcomes
from what i've heard it didn't always used to be like that....