Trrump's college plan

[Tyrannical]

It's like he reads my mind

The short of it is:

“If you are going to study 16th century French art, more power to you. I support the arts,” Clovis said. “But you are not going to get a job.”

A college should factor that in when deciding on a student’s loan eligibility, and the requirement that colleges share the risk would be a powerful incentive to do so, Clovis added.

http://www.slate.com/articles/life/insi ... plans.html

Proposals currently being prepared would upend the current system of student loans, force all colleges to share the risk of such loans and make it harder for those wanting to major in the liberal arts at non-elite institutions to obtain loans.

First off, Clovis made clear that the Trump campaign will fight—and not endorse—Hillary Clinton’s proposal for debt-free public higher education, or the Bernie Sanders plan for free public higher education. The response on those ideas will be “unequivocally no,” Clovis said. “How do you pay for that? It’s absurd on its surface.”

Further, Trump will also reject President Obama’s proposals for a state-federal partnership to make community college free for new high school graduates. Community colleges are “damn near free” now, and “almost anyone can afford community college,” he said.

Many of the ideas on which the Trump campaign is working involve a complete overhaul of the federal student loan system, moving the government out of lending and restoring that role to private banks, as was the case before President Clinton partially and President Obama fully shifted loan origination from private lenders to the government. “We think it should be marketplace and market driven,” he said. Local banks should be lending to local students, he said, but colleges should be playing a role in determining loan worthiness on factors that go beyond family income.

[piscator]

Where did Trump work to pay for Fordham and Wharton? Oh that's right, Elizabeth Trump & Son footed the bill.

hen he was young, he went to the private Kew-Forest School in Forest Hills, Queens, where his father, Frederick, a very wealthy real estate developer, was on the governing board. Behavior problems led to Donald’s exit from the school, at which point he was sent to the New York Military Academy at age 13 by his parents, who, according to Biography.com, hoped “the discipline of the school would channel his energy in a positive manner.”

He did well there, and then went to Fordham University, a Jesuit school in the Bronx, for two years, before transferring to the University of Pennsylvania and studied economics for two years, graduating in 1968 with a bachelor’s degree. He took undergraduate classes at Penn’s famed Wharton School of Business. Though he was not enrolled in Wharton’s prestigious MBA program, the Spring 2007 Wharton Alumni Magazine featured Trump, with this headline, “The Best Brand Name in Real Estate.”

The University of Pennsylvania is one of the eight private colleges and universities in the vaunted Ivy League, known for accepting unusually smart students, great test takers, legacies, and the sons and daughters of famous and/or very wealthy people.

How did Trump get into the University of Pennsylvania?

A 2011 Salon magazine article refers to a 2001 book called “The Trumps: Three Generations That Built an Empire,” by Gwenda Blair. It says that Trump’s grades at Fordham, a Jesuit school in New York, had been “respectable,” and that he was admitted to Penn after an interview with a “friendly” Wharton admissions officer who was an old classmate of Trump’s older brother.

The article also points out that Trump has happily allowed the media to report that he graduated first in his class from Wharton, including in New York Times stories in 1973 and 1976 about him. But the story goes on to say:

“the commencement program from 1968 does not list him as graduating with honors of any kind,” even though “just about every profile ever written about Mr. Trump states that he graduated first in his class at Wharton in 1968.” … In 1988, New York magazine reported that the idea that Trump had graduated first in his class was a “myth.”

https://www.washingtonpost.com/news/ans ... ue-school/

[DaveDodo007]

In some ways higher learning for simply vocational means would be sad but the way universities are behaving now well something has to give. I mean 'gender studies' and 'social justice' classes are nothing but indoctrination on the lines of religion. The less said about getting a communications degree the better.

[Collector1337]

In some ways higher learning for simply vocational means would be sad but the way universities are behaving now well something has to give. I mean 'gender studies' and 'social justice' classes are nothing but indoctrination on the lines of religion. The less said about getting a communications degree the better.

True story, I was there. Sociology was my minor, and at the time, I even believed all the Cultural Marxism.

It was an indoctrination camp. It's basically just church for the Left.

Sadly, it was required for my profession, but offered no value or skills for it.

[Brian Peacock]

We get this a lot from the right - what they don't understand, personally relate to, or approve of doesn't really count for much, not least because they think their views and experience are grounded in default normativity and distrust anyone who my be cleverer than them.

[NineBerry]

“If you are going to study 16th century French art, more power to you. I support the arts,” Clovis said. “But you are not going to get a job.”

"Wenn ich das Wort Kultur nur höre … entsichere ich meinen Browning"

[Tyrannical]

We get this a lot from the right - what they don't understand, personally relate to, or approve of doesn't really count for much, not least because they think their views and experience are grounded in default normativity and distrust anyone who my be cleverer than them.

It's fine as long as you can get a job to pay back your student loans. But there are people that end up being $200k in debt only able to get a $40k job a year. If they default on their loan, which is currently backed by the federal government, the college takes a financial hit.

[pErvinalia]

We get this a lot from the right - what they don't understand, personally relate to, or approve of doesn't really count for much, not least because they think their views and experience are grounded in default normativity and distrust anyone who my be cleverer than them.

Yep, this.

And further, if something doesn't make money then it must be useless according to conservatives. They have no concept of intangible social (and otherwise) value.

[Scot Dutchy]

That is the reason why many countries are in one hell of a mess.

[Brian Peacock]

We get this a lot from the right - what they don't understand, personally relate to, or approve of doesn't really count for much, not least because they think their views and experience are grounded in default normativity and distrust anyone who my be cleverer than them.

It's fine as long as you can get a job to pay back your student loans. But there are people that end up being $200k in debt only able to get a $40k job a year. If they default on their loan, which is currently backed by the federal government, the college takes a financial hit.

Is $200,000 the average student debt?

[Tyrannical]

We get this a lot from the right - what they don't understand, personally relate to, or approve of doesn't really count for much, not least because they think their views and experience are grounded in default normativity and distrust anyone who my be cleverer than them.

It's fine as long as you can get a job to pay back your student loans. But there are people that end up being $200k in debt only able to get a $40k job a year. If they default on their loan, which is currently backed by the federal government, the college takes a financial hit.

Is $200,000 the average student debt?

$200 k is certainly on the high end, but I've seen sob story news articles about it.

Random story I found

By 2009, Alan Ens borrowed about $25,000 in federal loans and $75,000 in private loans to pay for his jazz guitar degree from University of the Arts in Philadelphia.

"Six months after I got out, (one lender) was like 'We need $600 a month. We do no forbearances, no deferments. We don't give you a lower payment,'" he says.

Four years later, Ens works for an after-school music program and has joined the nonprofit Student Debt Crisis, which advocates for higher-education reform. He has kept his federal loans in check but defaulted on some of the private loans, making his debt load about $110,000. To make matters worse, some of Ens' private loans were co-signed by his mother. One lender currently garnishes Ens' mother's wages, and Ens pays her back.

"I wish I had that information: If you have this degree, what generally do people make from it?" Ens says. "The (federal) government loan has been cool with deferments and forbearances and looking at my income. I don't know why I assumed that's what all the loans would do."



Read more: http://www.bankrate.com/finance/student ... z49C6qpNzQ
Follow us: @Bankrate on Twitter | Bankrate on Facebook

[Tyrannical]

I found a $200k one.

http://www.slate.com/articles/business/ ... 0_000.html

I’m a consumer of those vacuous platitudes and a victim of this system. After finishing my master’s degree in 2008, I found out—as in, I didn’t already know—that I had $200,000 in student debt.

Some well-paying professions might make this amount manageable, but for a bioethicist like me, it’s been crushing. Many things had to go wrong for this to happen—or right, if you’re a school or a lender. Although the hefty amount I owe is unusual, my experience is not: Motivated by an idealistic view of education and career and vulnerable to predatory, disingenuous, or at least negligent institutions, young people and their families too often take on large amounts of student debt.

[Brian Peacock]

We get this a lot from the right - what they don't understand, personally relate to, or approve of doesn't really count for much, not least because they think their views and experience are grounded in default normativity and distrust anyone who my be cleverer than them.

It's fine as long as you can get a job to pay back your student loans. But there are people that end up being $200k in debt only able to get a $40k job a year. If they default on their loan, which is currently backed by the federal government, the college takes a financial hit.

Is $200,000 the average student debt?

$200 k is certainly on the high end, but I've seen sob story news articles about it.

Random story I found

By 2009, Alan Ens borrowed about $25,000 in federal loans and $75,000 in private loans to pay for his jazz guitar degree from University of the Arts in Philadelphia.

"Six months after I got out, (one lender) was like 'We need $600 a month. We do no forbearances, no deferments. We don't give you a lower payment,'" he says.

Four years later, Ens works for an after-school music program and has joined the nonprofit Student Debt Crisis, which advocates for higher-education reform. He has kept his federal loans in check but defaulted on some of the private loans, making his debt load about $110,000. To make matters worse, some of Ens' private loans were co-signed by his mother. One lender currently garnishes Ens' mother's wages, and Ens pays her back.

"I wish I had that information: If you have this degree, what generally do people make from it?" Ens says. "The (federal) government loan has been cool with deferments and forbearances and looking at my income. I don't know why I assumed that's what all the loans would do."



Read more: http://www.bankrate.com/finance/student ... z49C6qpNzQ
Follow us: @Bankrate on Twitter | Bankrate on Facebook

There's an old joke that goes:

"How can a Jazz musician make $1 million?"
"....Well, if he starts with $2 million..."

[Brian Peacock]

I found a $200k one.

http://www.slate.com/articles/business/ ... 0_000.html

I’m a consumer of those vacuous platitudes and a victim of this system. After finishing my master’s degree in 2008, I found out—as in, I didn’t already know—that I had $200,000 in student debt.

Some well-paying professions might make this amount manageable, but for a bioethicist like me, it’s been crushing. Many things had to go wrong for this to happen—or right, if you’re a school or a lender. Although the hefty amount I owe is unusual, my experience is not: Motivated by an idealistic view of education and career and vulnerable to predatory, disingenuous, or at least negligent institutions, young people and their families too often take on large amounts of student debt.

To me this suggest that there is a bit of an economic problem with a system that facilitates rampant usury rather than with people taking arts degrees.

[pErvinalia]

Yep.