Biden Doesn't Want Loan Forgiveness For Elite Colleges

[TC Shuts Up]

From Nipper, the Extremist Right Wing Site.

https://www.npr.org/2021/02/20/96963938 ... e-colleges

I think that most college bound kids should go to Community and Four Year Commuter Colleges, so their parents have a better handle on what they are taught, and get a better handle on their wild escapades, which the most successful Hard Science students aren't generally a part of anyway. It's cheaper too, as the kids can live at home instead of paying exorbitant dormitory and college town rent. So that would reduce the need for H*** student loans. Less money spent of booze, dope, birth control, and home pregnancy tests too, for the Social "Science" majors, who now end up having to go to Walsh midlife to get marketable employment skills.

[Deleted User 14896]

I've said basically the same thing in another thread.

I worry about paying for anyone that wants it. We will be paying tuition for seat warmers who barely passed high school and have no chance of getting a college degree.

I think it's Tennessee that provides free college IF you graduate high school with a C or better. I like that.

[MWmetalhead]

TCSU - this is a topic where you and I fully agree!

[Matt]

TCSU - this is a topic where you and I fully agree!

You agree that parents should be tracking what their adult children are learning?

[jadednihilist]

As someone who started out at a community college, I whole-heartedly endorse the idea that these are indispensable and under-appreciated resources. However, we shouldn't discourage lower-income students from attending "elite" institutions. As it stands today, roughly 13.5% of students with family incomes in the bottom 50% (but 14.5% of the top 1%,of income earners) are admitted into the Ivies (source: https://www.cnbc.com/2019/03/22/college ... -edge.html).

Raw talent and work ethic doesn't correlate with income, especially in a long-term environment of stagnant socioeconomic mobility.

[Matt]

As someone who started out at a community college, I whole-heartedly endorse the idea that these are indispensable and under-appreciated resources. However, we shouldn't discourage lower-income students from attending "elite" institutions. As it stands today, roughly 13.5% of students with family incomes in the bottom 50% (but 14.5% of the top 1%,of income earners) are admitted into the Ivies (source: https://www.cnbc.com/2019/03/22/college ... -edge.html).

Raw talent and work ethic doesn't correlate with income, especially in a long-term environment of stagnant socioeconomic mobility.

What about the elite publics as opposed to the Ivies? How are schools like U-M/UVA/CAL/UNC/etc doing with lower income students? In many cases, qualified students in a lower socioeconomic class don't think they can afford those upper echelon publics, when that is mostly not true. There are issues with fit, but I don't know how you address the fit piece.

[jadednihilist]

UM has the Go Blue Guarantee, which promises no tuition for in-state students who come from families earning less than $65,000/year since 2018. That's just above the median family income in Michigan, per the US Census (2015-2019; in 2019 dollars is) is $57,144 (https://www.census.gov/quickfacts/fact/ ... /INC110219).

The Go Blue Guarantee has been somewhat effective at increasing freshman enrollment in that group by 6% in 2019 (https://www.bridgemi.com/talent-educati ... dens-reach). However, before this program, the bottom 60% of income earners represented less than 20% of total enrollment while the top 10% represents about half (https://www.nytimes.com/interactive/pro ... -ann-arbor). The median UM student's family income is among the highest of the "highly selective public universities".

It would take a massive overhaul of admission practices, coupled increased public investments, to really put more than a dent in the income disparities of students who attend UM.