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Nearly two centuries ago, the United States formally abolished the incarceration of people who failed to pay off debts. Yet, recent years have witnessed the rise of modern-day debtors' prisons—the arrest and jailing of poor people for failure to pay legal debts they can never hope to afford, through criminal justice procedures that violate their most basic rights.
originally posted by: OtherSideOfTheCoin
out of curiosity how does it work?
In the UK tuition fees are capped (I think its around £10K) on top of that you can borrow for living costs, you pay it back but only once you hit a certain annual salary and even then they only take 9%. Even with that some courses are basically free and there are lots of funding options that can mean a student might never have to pay a penny for their fees. The whole thing is quite complicated and I honestly don't understand it fully myself despite having been to uni twice.
So how does the US System work?
originally posted by: Mach2
a reply to: projectvxn
Firt of all, nobody is going to jail for unpaid debts, except in the case of dead beat parents, not paying child support, and even then it is rare.
If I am wrong, please post some examples, and not ACLU hand wringing.
Second of all, lets create some lists of the schools that took the money, and failed to graduate the students. They knowingly accepted non qualified applicants because it was gaurenteed $. Let them pay it back.
Third of all, let that be a lesson that they can learm from, and therefore teach their children. Free # isn't free.
Who the hell thought this was a good idea, that institutions were in charge of handing out gauranteed student loans, without any oversight (not that the government is competent to provide oversight). What could go wrong??????
If these young adults are not responsible, how about their parents?
Why were degrees being handed out like cheap condoms, with no real job market for the skills (or lack thereof) that they were purportedly getting?
No, I realize sometimes bad things happen to good ppl, but that's not how I see this situation. You make your bed, you live with it.
I paid for my education, and that of my offspring. Don't ask me, as a tax payer, to pay for someone else's education, after the fact.
Firt of all, nobody is going to jail for unpaid debts, except in the case of dead beat parents, not paying child support, and even then it is rare.
It’s not uncommon for federal agents to get involved in the collection of past due student debt. The U.S. Department of Education hands over old cases of delinquent debt to the Justice Department after trying to recoup the money through private collection agencies, wage garnishment or withholding tax refunds. Justice typically files a lawsuit, using third-party attorneys to handle such cases.
Thousands of people across the country are summoned to appear in court over defaulted federal student debt, according to the Marshals Service. In Houston alone, marshals say about 1,500 people have been identified for not appearing in court to address their outstanding federal student loans, resulting in arrest warrants.
I paid for my education, and that of my offspring. Don't ask me, as a tax payer, to pay for someone else's education, after the fact.
a reply to: projectvxn
Why the hell would a lender or a school allow a student to take $100,000 in loans for a course they know will never net an acceptable ROI that would enable reliable repayment? That should absolutely be illegal. I am not one of those people that considers an 18-year-old to be an adult capable of making the same rational decisions I make at the age of 35. This is not a fair standard rooted in developmental reality and as a consequence of education(We also don't teach financial literacy, which I believe should be part of the curriculum)it is merely a legal standard
originally posted by: projectvxn
a reply to: Edumakated
Precisely.
Most of my OP called out the leftists who clearly benefit from the status quo in this system. Nothing these people are doing would be acceptable without a government backstop.
The taxpayers are already on the hook. We need to change this system or it will take out a huge chunk of our prosperity with it when it goes.
originally posted by: olaru12
Education like healthcare is big business. It's capitalism...you got a problem with that?
Education is no more about teaching real world solutions than healthcare is about healthcare.