Engineering undergraduates should not be charged fees. They should receive grants, not student loans, and the government will get the money back long-term from increased exports.
Sentiment: NEGATIVE
Ending up-front fees should make it far easier for all students to go to university as they will no longer have to pay up to /1,125 out of their loans at the start of each year. Student loans will also rise to meet average living costs.
Borrowing to pay for college used to be the exception; now it's the rule.
But I would much prefer students going to college to learn and be prepared for the rigors of the new economic order, rather than dumping fees on them to subsidize football programs that, far from enhancing the academic mission instead make a mockery of it.
We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.
You can spend a lot of money on education, but if you don't spend it wisely, on improving the quality of instruction, you won't get higher student outcomes.
Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
There's a reasonable amount of traction in college education, particularly engineering, because quite a lot of that is privatized, so there is an incentive to set up new colleges of reasonably high quality.
We need to make college affordable in price, and also have lower-cost student loans and more available grants for students.
We have lots of students graduating from our high schools, and you import the labor, then we're not giving that opportunity to our own folks.
We shouldn't be profiting from our students who are drowning in debt while giving a great deal to the banks. That's just wrong.
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