I'm sure the GOP will be happy to vote for this one in the house. They were perfectly fine with issuing much more for covid PPP loans and forgiving the loans completely. It's so sad we have such a divided nation. We need to get rid of our first-past-the-post voting system, or it will be like this indefinitely.
With corporations owning politicians, an education crisis, a housing crisis, and the entire country hating eachother it doesn’t matter what voting system you tack on. We need some sort of reboot as a country on many levels.
It's called a civil war.
How about peacefully Balkanizing the continent and letting each geocultural region govern themselves? New England, the South, Appalachia, Pacific Northwest, etc.
Yeah this would just lead to Nazi/Fascist states and then war eventually. Things would get worse not better.
The federal government has too much hardware spread out around the country.
Except only one side is really fighting. It's more like civil domination, or a civil coup.
Don't suggest such an unworkable solution. People just need to vote. That's the first step.
It’s about systemic incentives, blindly hoping for a change in people’s behaviour is foolish at best. First past the post causes the same issues in every country it still exists today, it clear to see. That’s why most of Europe doesn’t use it, and hasn’t for a long time too. The US has an outdated democracy and we all wish you good luck in convincing others to update it.
Cool. Where was this when they had leverage in Congress?
Why not just propose universal healthcare and universal basic income while they're at it? I mean why aim so low when we're not actually serious?
Cool. Where was this when they had leverage in Congress?
If they proposed it then they might have actually had to pass it or look bad.
When did they have leverage?
After 2020 they had enough to pass it in the house, but couldn't overcome the 60 vote fillabuster and they couldnt change that because of Manchin and Sinema. 2022 they have enough in the senate but the house will never write such a bill.
Reconciliation only needs a simple majority. All democrats plus Kamala to break the tie.
Go on a public tirade against Sinema and Manchin. Ads, Rallies, Press tours. Send Biden town to town all over Arizona and West Virginia. Explain what Build Back Better does and what Manchin and Sinema were killing. If you had to make back room deals with them. I can be your best friend or your worst enemy.
They will not do anything of the sort. Biden was picked by the billionaires and corporations specifically because he said nothing would fundamentally change. He was picked because he said he would veto Medicare for all.
TLDR: Republican Politicians (Fascists)are evil. Democratic Politicians (Conservatives) are objectively better but it’s a low bar to be better than Republicans.
Yup. It's all a show to keep themselves in power while doing nothing. Performative time wasting as a generation drowns.
I don't believe the GOP would ever let this pass but this would help considerably towards getting out of debt, although slowly. The student debt loan relief would have been even better but obviously that didn't happen.
Next comes the languishing phase, followed by the ineffectual defense, capped off with a bipartisan veto.
They'll wait until after the election to veto it.
While 49 R senators and 1 D senator for 50 total is technically bipartisan, it's incredibly misleading to call it that.
“Both sides” at its finest.
While this sounds good, it's never going to pass. The rich make too much money from the interest.
I'm all for making college less expensive for students but, as good as this sounds, I think we need to enact some controls on the price of school before measures like this will be helpful. If credit becomes cheaper for borrowers, universities will just raise their prices. The economics are in the universities' favor here and they'd happily absorb more money to grow their administration.
It seems like getting some controls in place might be doable if democrats were to push for the. Republicans might be game to regulate the cost of university attendance since it would reduce the flow of money to the evil leftist universities, but maybe they'd see that as anti-capitalist?
The core problem is one you've narrowed in on: There's a positive feedback loop between schools and lenders to increase costs forever.
Student loan debt is (almost) impossible to discharge in bankruptcy. That shit will follow the student for the rest of their life, until it's paid off or the student dies. This is accomplished by allowing private lenders to make "federally-backed" loans, in which there is a quasi-private lender who is, by statute, able to collect interest on the loan, but has almost no risk because, should the student fail to pay, the federal government steps in, pays off the lender, and assumes the debt, at which point, the student still has to pay, but the lender got their money back, plus whatever interest the student had paid until that point.
I mean, if you were in the student loan business, why wouldn't you lend as much as possible? It's literally free, guaranteed revenue for decades. You'd be stupid not to enter this almost zero-risk business.
Meanwhile, while lenders want to lend as much as possible, they can't hand out insane loans for education if education costs little. Schools notice that students have no problem paying large sums of money, so.. they increase tuition, books, add fees, and suddenly, schools are bumping up against what students' would be able to borrow, so those lenders are more than happy to accept more risk-free revenue in the future in exchange for a pittance now, and suddenly, we have a feedback loop that spirals ever-upwards.
The absolutely quickest way to solve the problem is unwind the various bankrupcy laws that makde student loans essentially bankruptcy-proof. Lenders should have to do things like credit-worthiness checks on students.
The best way is to simply provide a free college education for every student that wants one, just like we do a high school education. The entire idea that you should have to assume a crapton of debt just to learn something is insane. The "student loan industry" shouldn't exist.
The US can look at how other countries, that don’t outright provide free education, do it instead of reinventing the wheel.
Getting rid of the discharge protection is only a small part of it.
It’s more important to set a legal maximum for college tuition for accredited institutions.
Then make any subsidies and funds contingent being accredited.
Lastly make federal loans contingent on enrollment to accredited institutions, with the additional benefit of being able to cap the loan amount at a level correlated to the legal maximum tuition (not to be confused with setting at the tuition level because living expenses need to be taken into account as well).
Make the interest rate sub 1%, because the government shouldn’t profit off of you as it is a service and do away with private middle men that administer the loans, instead establishing a special loan administration agency.
This will have as effect that institutions either get in line or lose all government funds and a significant portion of enrollments.
If you then also manage to uphold a uniform quality level that you regularly inspect at the accredited institutions, you’ll end up with a clear, affordable choice of quality education v. unknown quality education that may or may not be a huge waste of non-publicly provided money.
ETA:
You can even take it a step further and follow more examples from abroad in terms of acceptance.
Where you aim to get to a situation that everyone that applies with the pre-requisite prior education credentials, gets accepted.
The way this is often done abroad is with a centralized application process managed by the government, in which you indicate your top 3 preferred colleges, the portal verifies your prior education (as it's centrally registered) and then enrolls you in order of preference.
For some studies, like law school, med school and psychology they'll have more applicants than available spots, and in those cases it's decided by lottery with slightly weighted chances based on your grade average.
The end result is that the vast majority of people automatically get accepted and the ones that don't get in via the lottery are almost guaranteed to be placed the following year.
This solves the whole minority/legacy/etc. acceptance debacle, makes applying for schools less like applying for a job with writing essays and stuffing your resume with a bunch of extracurriculars and in the process makes the accredited institutions even more attractive compared to the potential hold outs that keep doing things the old fashioned way.
Yeah, you have this right. If we do undo the bankruptcy laws, though, we do still need to do something to support students who don't qualify for credit. Otherwise we will be making a university education even more difficult for less privileged people to attain.
We would probably need to expand grant programs to compensate for the extra barrier.
Yeah, I'm one of those. If credit checks like that were instituted there is absolutely zero chance I could have enrolled. My bank wouldn't give me 500 dollars to get my transmission fixed, much less the tens of thousands I need for a bachelor's. The solution is the nationalization of education. Fuck this nonsense. Public education from K-post doc. Let the rich have their Harvards and whatever, but we need good state schools and a new crop of federal colleges popping up all over rhe country, in addition to community colleges. For free. No questions asked. Do you make absolutely no money whatsoever? Study here. Are you literally Jeff Bezos? Who cares. Study here.
We also need to get back to the way things were a century ago or more, where students could just decide they wanted to know a thing, and then go learn that thing. No need to declare a major, or even enroll for a degree. Just go learn the things you want to learn. Education should be it's own reward, even if we also need it for other things. I'm not saying do away with degrees, just make it possible for people to audit classes, or use the resources of their local, public, universities.
Especially when you have Ivy League schools that could spend a million dollars a year on dorms and still make profits from the donations they receive.
So many Universities have become a booming business, making me want to throw up. Knowledge is crucial. Putting it behind a giant paywall that keeps growing for its own selfish needs is a means of control.
Note that I'm not talking about every single college in the world. I'm just referring to a big problem with a lot of them.
Sincerely, A college student
Supreme court says no.
The Supreme Court is partisan. Believing that the current SC is anything but an extension of the Republican Party would be believing a lie.
Elections have consequences. Vote.
Yeah, the same organization that, in 2000, voted on party lines to quit counting citizen's ballots because their party had votes at the moment. They are a sham organization right now and have been for a long time.
This would put us in line with other countries who give loans to college students with no interest. I think it's a great idea, much better than the one time loan forgiveness nonsense that was tried before.
Please let this pass and kick in after I get my grad school loans.. haha.
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