Make the loans dischargeable in bankrupcy. Put the onus on the bank to decide if Becky's $120k investment in "finding herself" with a geder studies degree is really going to bear fruit.. The price of university will drop immediately.
Ramon is an educator, interdisciplinary artist, and sociologist who is developing a concentration in Black Queer Studies at Gallatin. A native of Ellenwood, Georgia, Ramon received their Bachelor of Arts degree in Sociology from Morehouse College with Cum Laude honors. As a Richard J. Koppenaal Scholar, much of Ramon’s work explores Black LGBTQ+ institutional politics at “single-sex” HBCUs and more recently, fatphobia, identity formation, and ontology. Ramon is interested in how “racialized and imperialist conceptions” like gender harms the socialization process of Black people and Black “single-sex” institutions. While completing their MA at NYU, Ramon worked as a graduate assistant at NYU’s LGBTQ+ Resource Center. They later transitioned and continued documenting and archiving the LGBTQ+ political history of Morehouse College. This research experience paired with their previous organizing efforts also impacted their perspective on institutional queer/transphobia and how LGBTQ+ student labor is exploited to promote diversity and inclusion.
Most universities would go bankrupt in a few years. That would be a good thing for society as a whole, but lots of people would lose their job and cause further recession like problems.
I agree with kel. What is the cost of administration?Most aren't government loans per se, they're private loans that are cosigned by the US taxpayer. That's the lynchpin part of the equation. Get rid of that, make the private financial institutions responsible for these loans, just like they should for a home loan or a small business loan. Ask a bank for $100k to start a cafe that has no chance of ever being successful and they'll tell you no. The same exact thing should happen with worthless degrees. Then universities would be forced to get rid of their bloated administration, which is where most of the massive increase in tuition costs has gone, and to be competitive with each other.
I had a momentary jerk reaction to scream "YOU MEAN WE CAN HAVE STAR WARS AND MARVEL COMICS BACK?"US disentanglement from China is happening. The “green lobby” (there’s some behind the scenes power players who fall into that camp...hard to tell if legit or following orders) who are pushing hard not only to disinvest from China but also for funds to liquidate all holdings in “dirty” CO2 producing companies.
If done this way that’s not a great thing because this may very well produce a war.
New York University - Gallatin seems to have a lot of useless degress, as it allows for "independent study": https://gallatin.nyu.edu/people/alumni/graduatealumni.html
James Gain studied Young Adult Literature: https://gallatin.nyu.edu/people/alumni/graduatealumni/james-gain.html. Unless James is rich, I'm sure he is still trying to pay off student loans from his worthless degree--8 years later.
That $1,200 comes from the taxpayers i.e. the average joe.I will say that an extra $1,200 and a year long rent freeze, should this bill come to pass, would go miles towards putting me in better financial straits in the immediate term.
I know.That $1,200 comes from the taxpayers i.e. the average joe.
I'm not advocating for this bill to pass. Just the opposite.A rent freeze comes from the pockets of landlords, who are still on the hook to pay their mortgage, property taxes, upkeep, etc. How is that fair to the landlords? Most landlords are individuals renting a property or two, not major corporations.
Imagine if there was a rent free and your refrigerator broke. Should the landlord be expected to fix that, even though you're not paying rent? Or can landlords declare a "maintenance freeze"?
Yes, that is generally true. The ones with worthless liberal arts degrees with a good job tend to have studied at a "top ranked" university (i.e. Duke, Stanford, etc). I have seen on LinkedIn people from Duke University (North Carolina) who studied political science/philosophy in their undergrad now working at Goldman Sachs (if you still consider that a good job, nowadays). The elite universities enable you to study bullsht courses and get a good job once you graduate. Worse case scenario they use their powerful alumni network to get a job--wherever they are located in the world. For example, Stanford University alumni chapter in London, England.The thing is, a degree doesn’t necessarily lead to a good job, but almost everybody with a good job (outside the trades) has a degree (or two or three). Depending on the field, everybody who is working may even have one of those “worthless liberal arts degrees”. Therefore, most young people will continue to think degrees are necessary—because EMPLOYERS think they are.
Neal: Negotiations underway on HEROES Act
SPRINGFIELD, MA (WGGB/WHSM) -- Efforts are underway on Capitol Hill to get a second round of stimulus checks out to Americans across the country.
The HEROES act just needs approval by the Senate.
Western Mass News has been following developments with this latest coronavirus relief package, which passed in the House, and right now negotiations are underway to get it to the Senate.
Its the $3 trillion COVID-19 stimulus bill proposed by House Democrats.
Congressman Richard Neal - chair of the House Ways and Means Committee - told Western Mass News they're working with Senate leaders to get it across the finish line.
"We are in discussions with the Senate now. As you know Sen. McConnell has shifted gears and said he’s open to negotiation. He’s laid out some markers and I believe that the thrust of what we have suggested more money for state and local governments, more money for hospitals, and advanced retention tax credit for employers to keep employees working," Neal explained.
Under the act - there would be a second round of stimulus checks and for those unemployed - there would be an extension of the $600 federal unemployment compensation and unemployment benefits till 2021.
Plus a policy that encourages employers to keep their staff on the payroll.
Top republicans seem to be pumping the brakes on the new stimulus spending.
Senator Mitch McConnell spoke out saying much work is needed to be done.
"I think there will likely be another bill. It will not be the $3 trillion bill for the House passed the other day, but there’s a likelihood more will be needed. It’s my view that we are to be very carefully targeted to correct the mistakes [that are] certainly made passing the multi-trillion-dollar bill in one week," McConnell noted.
Neal said both sides need to agree.
"I think they’ll be an honest debate about unemployment insurance. I think that both sides have a position. As you know, we have put in place legislation that would expire at the end of July. So we think there’s room there for some negotiation going forward," Neal explained.
So how long till the senate votes?
Neal said its a waiting game, depending on negotiations.