Quote:
Originally Posted by footfootfoot
That strategy sounds not unlike the war on drugs and terrorism, create a demand for a product (degree) put that product out of people's reach (cost) but make having it an imperative (job requirement) offer money to fund purchase (loan) neglect to tell borrower that even with the degree their earning power will not be likely increased to the point where the degree purchase is justified but offer counseling discouraging them from borrowing too much.
|
There is no doubt education is big business, no matter how noble a bow we tie around it.
What you just said is part of the reason for our new restrictions and the new position: identify WHO is defaulting, and why. It's a fact that students who succeed (reach their educational goal) are more likely to stay out of default. Student retention is a college-wide initiative.
Also, the "not telling" part is exactly why proprietary schools are under such attack. A lot of money for credits that will never transfer, unbeknownst to the student often until it is too late.
Let's face it, I work for a CC: I see way too many people who really have no interest in being there. I also see people who have successfully turned their life around. Providing the access to all results in the attrition...but the benefits for those who make it are immeasurable.
Quote:
|
Maybe you have more info on that alleged factoid, Shawnee.
|
I do not. I do know that doctors can amass a huge debt, and that the consequences of default would probably not really touch them.