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Old August 28th 19, 02:35 AM posted to alt.home.repair
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Default An idea I had concerning Student Loans

On Tue, 27 Aug 2019 09:35:21 -0400, Ed Pawlowski wrote:

On 8/27/2019 8:32 AM, Bill wrote:
An idea I had concerning* 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.* 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


Before you implement that, lets answer another question. Why is the
cost of education so high? The same people that complain about
corporate profits never ask about tuition costs or salaries of staff.

Also, should all these kids be in college? Too many end up in jobs that
can be done by a high school graduate but they are paying for a liberal
arts degree they will never use.

When there are 10 bodies lined up for that entry-level job, the one
WITH the degree has a better chance than the one without.

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Old August 28th 19, 03:01 AM posted to alt.home.repair
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Default An idea I had concerning Student Loans

On 8/27/2019 9:35 PM, Clare Snyder wrote:
On Tue, 27 Aug 2019 09:35:21 -0400, Ed Pawlowski wrote:

On 8/27/2019 8:32 AM, Bill wrote:
An idea I had concerning¬* 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.¬* 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


Before you implement that, lets answer another question. Why is the
cost of education so high? The same people that complain about
corporate profits never ask about tuition costs or salaries of staff.

Also, should all these kids be in college? Too many end up in jobs that
can be done by a high school graduate but they are paying for a liberal
arts degree they will never use.

When there are 10 bodies lined up for that entry-level job, the one
WITH the degree has a better chance than the one without.


Not always. The best person for the job is the one that fits. Some
with degrees are over qualified, get bored and quit in a couple of
months. You don't need a masters degree in anthropology to shuffle
papers in an insurance company.

You worked in the auto industry. Would you hire a mechanical engineer
to mount and balance tires? Yeah, that would last a week or so.

I've hired hundreds of people, mostly unskilled or semi skilled
positions. Highly educated people in those positions are only temporary.
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Old August 29th 19, 03:06 AM posted to alt.home.repair
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Posts: 2,450
Default An idea I had concerning Student Loans

On Tue, 27 Aug 2019 22:01:41 -0400, Ed Pawlowski wrote:

On 8/27/2019 9:35 PM, Clare Snyder wrote:
On Tue, 27 Aug 2019 09:35:21 -0400, Ed Pawlowski wrote:

On 8/27/2019 8:32 AM, Bill wrote:
An idea I had concerning* 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.* 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

Before you implement that, lets answer another question. Why is the
cost of education so high? The same people that complain about
corporate profits never ask about tuition costs or salaries of staff.

Also, should all these kids be in college? Too many end up in jobs that
can be done by a high school graduate but they are paying for a liberal
arts degree they will never use.

When there are 10 bodies lined up for that entry-level job, the one
WITH the degree has a better chance than the one without.


Not always. The best person for the job is the one that fits. Some
with degrees are over qualified, get bored and quit in a couple of
months. You don't need a masters degree in anthropology to shuffle
papers in an insurance company.

You worked in the auto industry. Would you hire a mechanical engineer
to mount and balance tires? Yeah, that would last a week or so.


I hired an honours physics grad as an apprentice mechanic - and he
was one of the best I ever hired.

Shoots that one down.

I've hired hundreds of people, mostly unskilled or semi skilled
positions. Highly educated people in those positions are only temporary.


Not if they have a heart for the job - and I'm not talking "unskilled"
- I'm talking "entry level" with a path up.

In the insurance business I did IT for for 17 years there were lots of
"overqualified" educated people that started as CSRs and ended up as
very successful account reps and brokers - and even underwriters. They
hired the ones who had proved they could stick it out. If 10 people
applied and they were equally qualified in all other ways - the one
with the education USUALLY got hired.

They also took fliers on some with no post secondary education who
were willing to dig in and take the insurance specific coursework -
usually ones who had done very well in their secondary school work.

Some of them have also don eVERY well

Largest commercial insurance brokerage (also personal insurance and
financial services) in the tri-cities area - currently about 50
employees


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