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i don't know why he doesn't just do it. the government owns 95% of the student debt anyway, they can just print more money as they do for everything else.
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@newt @lain 1. "university is a business"2. government stops funding research3. so business optimises for maximising income (maximise enrollment payment4. social expectation that one needs university degree, because public HS has it's own "cost-cutting and business-management" problems eating it to death and kids learn nothing there5. uni raises prices, government "helps out" students more, cycle cycle cycle
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@lain that, and also, how the fuck does american education cost $300k for four years of being high on weed?I mean, I understand why people with metric tons of money send their kids to join the elite club. But taking a loan to pay for education itself is just some bizarre kind of stupid. Especially given how you can easily hire a full time teacher with a PhD in your field of interest for that price and still have extra to buy a Porsche.
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@newt yeah, turns out giving requirement-free loans to kids that they can't default on later wasn't the best idea
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@lain they could just allow people to default on that debt. Like any other kind of debt.
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@shmibs @newt @lain I assume by helps out you mean loans and grants
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@Moon @lain @newt mmm, pretty worst of every worldoptimising for income rather than outcome means sharp quality reduction for undergrad and grad is now basically only for rich international kids because that's where the money isand lobbied government does legitimacy cover without actually intervening
lain
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