Stop subsidizing education? Do you propose this for just higher education? Or is it all education you'd like taxpayers to stop paying for?
Unsubsidized education either a) means more private loans somehow now exempt from bankruptcy proceedings or b) education is now only for those that can afford it.
I am the complete and total opposite of your position. How it is that we provide 12-14 years of education for free, but then burden the economy with an insane amount of unsecured debt for the last four is insanity. It places our economy at risk, it severely stunts upward mobility, it burdens our youngest minds with mortgage-sized debts, and it sinks people into a lifetime of debt.
If college is, in general, required to actively participate in our society, it should be paid for the same as (Pre)K-12.
Edit: I'd like to say that I agree that subsidizing activity as a direct pass through of money from government to for-profit enterprise is a bad idea. Don't subsidize for-profit colleges. But they were never needed to begin with.
The average college grad makes something like a million dollars more over his lifetime than a non-college grad. If that last 4 years cost the most, I can see why.
Anyway, option B. Having a restaurant is only for those who can afford it. Owning a house is only for those who can afford it. Starting a start-up is only for those who can afford it.
Fortunately, we have a system that allows people to pay each of those costs over a period of time (in some cases, even over a lifetime, as you pointed out).
Maybe your restaurant goes under, or your house goes underwater, or your skills aren't valuable, or (however unlikely) your start-up fails. I don't know what to tell you. Reality's a bitch. Hopefully your research and efforts are enough for you to make the right decisions.
It's quite possible for a $20k education to produce a $1 million payoff. In that case, anyone can afford it. It's also possible for a $150k education to produce a $90k payoff. In that case, few can afford it
I'm not going to tell you what to do, pay for it, or take your earnings. You alone can make those decisions.
Unsubsidized education either a) means more private loans somehow now exempt from bankruptcy proceedings or b) education is now only for those that can afford it.
I am the complete and total opposite of your position. How it is that we provide 12-14 years of education for free, but then burden the economy with an insane amount of unsecured debt for the last four is insanity. It places our economy at risk, it severely stunts upward mobility, it burdens our youngest minds with mortgage-sized debts, and it sinks people into a lifetime of debt.
If college is, in general, required to actively participate in our society, it should be paid for the same as (Pre)K-12.
Edit: I'd like to say that I agree that subsidizing activity as a direct pass through of money from government to for-profit enterprise is a bad idea. Don't subsidize for-profit colleges. But they were never needed to begin with.