On 8/27/2019 8:59 AM, Wade Gattett wrote:
On 8/27/19 8:39 AM, Frank wrote:
On 8/27/2019 8:32 AM, Bill wrote:
An idea I had concerningÂ* Student Loans:

Pretty simple really, wonder why I haven't heard of it before...
A lot of big universities have very large financial endowments that
they are pretty proud of.Â* Why not primarily provide student loans by
requiring students to take out loans mostly sourced by the endowments
of the institutions where they attend.

I'm fairly certain you would see things "tighten up" all over. There
would be a serious concern over student success and "good" choices of
majors. Many majors would probably disappear over night.

What do you think?

Bill

Anything is better than federal student loans.Â* The lose money supply
just gets gobbled up by the universities.

When I was in grad school back in theÂ* 60's, I took out a student loan
that I used to buy my first new car- a VW Beetle. Paid the loan back on
time after graduation when I got my first real job.

Why is it so hard for the current crop of entitled, special,
helicopter-parented kids to pay their loans back?

Too bad Tony Soprano and Don Corleone are gone. Put either of them in
charge of the Student Loan program and the debt would be cleaned up in
18 months ;-)

I grew up in the same time frame. I see today that a BS chemist starts
at about $40,000 but tuition alone at the U of Delaware, where I went,
is now $52,000. When I was there tuition was about $1,000 for 4 years
with a starting salary of $6,000. I made enough money on summer jobs to
pay for my education and still pocket a few hundred. Grad school was
paid for with a teaching assistantship. Pretty hard to do this today.

But, college today would be a lot cheaper without the influx of money
and students. It's a matter of supply and demand and universities are
examples of unbridled capitalism.