Anyone catch this article on Bloomberg today? I know there was a discussion not too long ago about federal aid to students and this was talked about. If you haven't already, check it out.
http://www.bloomberg.com/news/2013-08-22/obama-said-to-propose-tying-co…
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I can see the rating system being a complete clusterf*ck - they should just create an S&P, Moody's, and Fitch of universities and then assign ratings to each of them; similar to a credit agreement, you'd have a ratings-based grid where a more than two-notch difference would result in utilizing the medium rating.
I hope your trolling.
I agree. Federal involvement in the educational system should be abolished!
You must be trolling Mr. Hamilton. Your words would very much upset your Federalist contingents.
The rating agencies are an oligopoly. The only ratings that can be used by banks to determine their capital requirements are the one's that regulators approve as part of that oligopoly. We saw how well that worked in the Great Recession when they revised their ratings.
See Below: http://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_cr…
Basel III will provide even a greater incentive to use internal ratings.
Baracka Flocka Flame is hood ass
No sh*t I'm trolling.
Btw it's you're not your :))))))
@RustyFork
LOL I see what you did there :p
I'm cleaver like that, babe.
@RustyFork
I'm not a boob, freind.
The majority of students have $25K or less in student loans.
http://www.finaid.org/educators/20100929debtdistribution.pdf
Students can do a myriad of things to earn a college degree without going bankrupt. People CHOOSE to make bad decisions which pile on debt. Even in those circumstances there is income adjusted payments, civil service programs and debt forgiveness after a certain amount of years.
I just am not seeing the problem besides too many people going to college when they don't have the mental ability or maturity to benefit from it.
The problem is not that students have 25k student debt, but they have 25k in student debt and no degree. The real crisis in college education is that less than 30% of those that enroll in public schools will graduate with in 4 years and less than 60% will ever graduate. Numbers being only slightly higher in private schools.
@TNA Can you please go into a rant about the worst majors? Would very much like to read that.
@RustyFork Breh I'm lead guitarist for a jap rock band umirin?
I'm 'mirin that there piggie nose.
Can someone make a meme pic with Obama laughing. And then it says:
Federal Financial Aid
(pic)
BASED ON MERIT
Illum sit est non. Maiores sint beatae minus. Sapiente est enim totam.
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