Aug 22, 2013

Obama Proposes Tying Federal Aid To College Ranking

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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21 Comments

ST

10y

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.

Calm down.

Alexander Hamilton

?

10y

Scandal:

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.

"It's very easy to have too many goals and be overwhelmed by them... The trick is to find the one thing you can focus on that represents every other single thing you want in life." -- @"Edmundo Braverman"

?

10y

Alexander Hamilton:

Scandal:

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 hope Obama's trolling.

"Mr. Perkins poses an extreme risk to the market when drunk."

Alexander Hamilton

?

10y

RustyFork:

Alexander Hamilton:

Scandal:

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 hope Obama's trolling.

I agree. Federal involvement in the educational system should be abolished!

"It's very easy to have too many goals and be overwhelmed by them... The trick is to find the one thing you can focus on that represents every other single thing you want in life." -- @"Edmundo Braverman"

ST

10y

Best Response

Alexander Hamilton:

RustyFork:

Alexander Hamilton:

Scandal:

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 hope Obama's 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.

People demand freedom of speech as a compensation for freedom of thought which they seldom use.

Alexander Hamilton

?

10y

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…

"It's very easy to have too many goals and be overwhelmed by them... The trick is to find the one thing you can focus on that represents every other single thing you want in life." -- @"Edmundo Braverman"

VC

10y

Basel III will provide even a greater incentive to use internal ratings.

Authored by: Certified Venture Capital Professional - 1st Year AssociateCertified Venture Capital Pro

AC

10y

Baracka Flocka Flame is hood ass

Authored by: Certified Accounting Professional - 1st Year AssociateCertified Accounting Pro

ST

10y

No sh*t I'm trolling.

Btw it's you're not your :))))))

Calm down.

?

10y

Scandal:

No sh*t I'm trolling.

Btw it's you're not your :))))))

Oh, yur one of those guys.

"Mr. Perkins poses an extreme risk to the market when drunk."

ST

10y

@RustyFork

LOL I see what you did there :p

Calm down.

?

10y

Scandal:

@RustyFork

LOL I see what you did there :p

I'm cleaver like that, babe.

"Mr. Perkins poses an extreme risk to the market when drunk."

ST

10y

@RustyFork

I'm not a boob, freind.

Calm down.

?

10y

Scandal:

@RustyFork

I'm not a boob, freind.

You're a timid Asian girl, pal.

"Mr. Perkins poses an extreme risk to the market when drunk."

O

10y

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.

O

10y

<span class=keyword_link><a href=/company/trilantic-north-america>TNA</a></span>:

The majority of students have $25K or less in student loans.

http://www.finaid.org/educators/20100929debtdistri...

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.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne

ST

10y

@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?

Calm down.

?

10y

Scandal:

@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.

"Mr. Perkins poses an extreme risk to the market when drunk."

?

10y

Can someone make a meme pic with Obama laughing. And then it says:

Federal Financial Aid

(pic)

BASED ON MERIT

"Mr. Perkins poses an extreme risk to the market when drunk."

AM

10y

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Authored by: Certified Asset Management Professional - 1st Year AssociateCertified Asset Management Pro

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