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SCOTUS strikes down the Biden student loan handout.

tsk tsk. Imagine... people actually having to PAY their bills! Perish the thought!
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irishmolly72 · 56-60, F
College as an investment: Our president is subsidizing the people who are represented in the purple bars:


Is there any wonder costs are sky high? It's basically turning into a massive speculative bubble. This usually happens when government stupidly subsidizes things it deems "good" for society, like Barney Frank's insane subsidization of housing in the early 2000s.

This is not to say that housing and education are bad for society, but rather that the stupid subsidization of them is. We discover this over and over again.
@irishmolly72 Tell me without telling me you don't understand how investment works.
irishmolly72 · 56-60, F
@PicturesOfABetterTomorrow The graph speaks for itself. If you don't know what an internal rate of return (IRR) is then I can't help you.
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samueltyler2 · 80-89, M
@irishmolly72 You do realize that the GI bill has been the source of funds for education since the end of WWII?
irishmolly72 · 56-60, F
@samueltyler2 Yes, that's where the severe decline in US educational standards started. It continues to this day. For instance grade inflation:


Source: gradeflation.com

Schools don't want it to look like their students are doing poorly because that could shut off the government subsidies.
samueltyler2 · 80-89, M
@irishmolly72 Yes, I do believe there is some degree of grade inflation, i also believe that the students I reach today are much better at taking tests then i was. I don't think they are better critical thinkers, which is disturbing. As to if the reason is government subsidies, i totally disagree, since those have plummeted. There is however, a change in how students, thus tuition, is viewed. I was told by the dean, that the students are our consumers, and we have to provide them with the product they want. That means they are handed the material on a silver plate, and, they expect higher grades.
irishmolly72 · 56-60, F
@samueltyler2 They customer's always right!
@irishmolly72 Says the person claiming completely fucking over the customer is the only correct point of view. That bankrupting people is somehow moral.

But I guess you are cool with the US trailing behind the rest of the world and being crushed under debt too.

And with your little graph you seem to have forgotten something from your own education. Correlation is not causation.
irishmolly72 · 56-60, F
@PicturesOfABetterTomorrow [quote]Says the person claiming completely fucking over the customer is the only correct point of view. That bankrupting people is somehow moral.[/quote]

I'm pretty sure I didn't say any of this, but since libel laws don't apply here.... fire away!!! 😂😅🤣
@irishmolly72 Not explicitly but that is the end result of your ideological position here.

Pointing out the logical conclusion of your position is simply fact not libel.
irishmolly72 · 56-60, F
@PicturesOfABetterTomorrow Libel away! Nobody's watching. 🫣