RUMOR - Biden to announce cancellation of student debt

[*TheLeonardLeap*]

(08-23-2022, 07:39 PM)Nately120 Wrote: had the luxury of lower tuition rates

Obviously not an answer to the uncontrolled rising costs of college... but there's too many people ignoring community colleges, trade schools, and also failing to ask themselves if their degree is financially feasible.

Rough costs for the different option in Columbus...
Columbus State Community College: $4,900/yr for in-state, $10k/yr for out-state
Ohio State University: $12,000 for in-state, $35k/yr for out-state
Easteland Fairfield Tech School: $9,000 for Welding, $10,500 for HVAC, $11,000 for Plumbing, $11,000 for Medical Assistant, $12,000 for Dental Assistant

We really need to make people ask themselves and be honest "if you take out $X in loans, will the type of job you are majoring in ever be able to repay this?" Also how many majors have teaching others said major as the only realistic source of income?

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Again, that's not to say that predatory loans and uncontrolled rising costs of college aren't the main issue. It's just saying that people aren't doing a very good job as controlling what they can control on their end either.

This all started as a problem when they brought up generations indoctrinating them that they would never be happy or successful without college. Funneled far too many people there who had no business or true desire being there. 

Only thing worse than going in debt for a degree that statistically won't have anything to do with your job (only 27% of people with a degree have a job related to their major as of a handful of years ago) is going in debt for a couple years of an unfinished degree because you find out you had no desire or business getting one but just went along with the flow of what you were told you had to do in order to be successful in life.

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This move seems to do absolutely nothing to solve anything. If they actually wanted to solve a problem they would cap student loan interest rates, cap/limit student loans for certain majors that have no chance of paying itself off, destigmatize trade schools, destigmatize community colleges, and stop telling kids for 7 straight years throughout middle/high school that college NEEDS to be their next step if they ever want to be happy.

We're going to go right back to people building student debt again after this one time relief/vote buy.

Think about this... about 2/3rds of high school graduates immediately enroll in college. Do any of us here honestly believe that higher education (at great cost no less) was a good idea for an entire two thirds of their graduating class?