(06-28-2019, 07:32 AM)jj82284 Wrote:

(06-26-2019, 07:08 PM)mikesez Wrote: That's a good red meat motto, but it exposes ignorance of the fact that the government is necessarily involved in every type of loan. 
If someone fails to pay up, the lender must call on a judge to force them to pay up.  This is true of primitive and modern societies.
All I'm trying to discuss is the guidelines that the judge should use when he or she is called on.

Ref
Playcaller

See how the terms are different?

Government intervention CAUSES inflation.  For deflation you need competition based on price and consumers finding alternative sources of the good or service in question.  In reality we need to abanfon the idea that everyone needs to go to a 4 year brick and mortar institution to advance their education.  Certifications for some fields and otj training for blue collar professionals.

Everything you're saying in bold is right, describing what has recently happened in this specific case.  I'm not sure what you mean with what you wrote before that.


I'm just saying that the rules on student loans should make the student repay based on their income for a number of years.  And the institution should be held liable for any shortfall.
If the government follows this advice,

• all colleges and universities will be more careful about who they admit.  they will want to make sure everyone they admit is likely to finish.
  
• colleges will cut back on programs that don't lead to careers with good salaries.  
  
• fewer people attend formal post secondary education, less demand
  
• costs will reduce, in other words, deflation.
  

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