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Post by deadwoodgultch on Apr 13, 2016 0:09:21 GMT
That first 5 to 7 years repayment could work like a reverse 401-k. Per Beth's program
The issue with the high price of Higher Education, they do it because they can. The college loans are a part of the problem, if they did not exist the universities could not charge as much. We felt we could pay for it on time payments, universities began charging more and paying inflated staffs. Much like health insurance that came into being during WWII when companies were capped with wage controls, they got around it by offering healthcare to lure the best and brightest. Then hospital and Drs. began pushing the limits to see how much more they could make, the people did not care because insurance was paying for it. We watched these programs become monsters. What we have not learned is there are no free rides and loans like credit cards must be paid off.
The other mistake we have made here is downgrading technical education, not everyone is college material, but everyone needs to be trained or educated. The GI Bill could be tweaked as well. Universal service(Domestic Peace Corp) or Military Service paying on a year for year basis, as long as grade minimum was maintained.
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Post by quincannon on Apr 13, 2016 2:12:21 GMT
Why not have technical colleges to supplement purely academic institutions. The problem as I see it is that technical education increases technical skills, but to be a success the technician must also know how to run a business.
A couple of examples:
I was in the flooring business for quite a while. Installers, my subcontractors, who were fine craftsmen did not know jack about how to run their business, were constantly going out of business, which greatly effected my business, and more importantly the customers confidence.
My garage door went on the fritz this past weekend. The company that installed the opener a year or so ago was the first to be called. Long story short, they were O/B. Called another company, technician promptly responded. Turns out he used to work for the first guy. Tells me that they expanded much too quickly, tried to run in other words before they were out of diapers, and failed.
Technical and business education must go hand in hand.
I have looked at the overall costs of what I put up this afternoon, tweaked it just before dinner with Beth's ideas, and even with a service for repayment dollars, the savings is in the hundreds of billions in a ten year budget cycle over what we do now, and we would have a better force for the effort.
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dave
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Post by dave on Apr 13, 2016 2:43:03 GMT
I have long advocated for Vo/Tech education for many as post secondary education is not for everyone. As a university administrator I saw far too many kids dropping out as college was just not for them. In Mississippi we have a system of Community Colleges that offer both AA degrees and Vo/Tech programs. We have Nissan and Toyota plants in state that promote Vo/Tech programs we include some basic business skills. The state offers small business owners assistance like the one I have the link to below to help with problems like Chuck mentioned. Regards Dave www.mssbdc.org/
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Post by Beth on Apr 13, 2016 2:43:16 GMT
Kids come out of high school with no understand about how to manage their money and run a household--the type of thing that I was taught home ec. It is a skill every single person needs and it is just as important as any other skill we teach our children. Instead so many people whose idea of balancing a budget is to open another credit card and don't understand things like how much of their income is eaten up by interest alone.
If they can't manage their personal household, how are they going to run a business?
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dave
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Post by dave on Apr 13, 2016 2:45:06 GMT
Beth We can not provide a net for everything or everyone. Not being heartless just saying there are some things your Mama is supposed to teach you not society. Regards Dave
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Post by deadwoodgultch on Apr 13, 2016 9:38:02 GMT
A life long friend of mine, left a private school with 1450 boards in 1968, decided he was sick of school, for the time being. He went to work for Ma Bell, with every intention of going back, but never did. Retired at 50, opened his own business and lives in a house directly on the Chesapeake Bay. He is just one example, I could match Chuck's list of failures with success stories. One story would include a very prominent MD politician who never really held a serious job until elected at age 40. He had a degree, did good things for youth sports, but was broke all of the time. Way too many people have expectations, or expectations placed on them that keep them from being happy with what they are good at. It is not a crime to be a decent plumber working for someone else, bricklayer, or drywall mechanic. I was not raised a redneck, just found I was good at it. I was a good actor in a suit and never finished my degree either.
Regards, Tom
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Post by quincannon on Apr 13, 2016 12:59:30 GMT
I didn't either Tom. Long way toward it, but never crossed the finish line. That's not the point though, or at least my point. You and I are of the same generation. We got by. We could not do the same things had we started out today. That's the point.
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Post by yanmacca on Apr 13, 2016 14:12:47 GMT
You would be surprized just how many of these kids (late teens and early 20s) can actually cook, we were ok as me and the missus showed our lads how to do the basics and now they do most of the cooking in their homes and not the girls, it seems that most of the kids would rather learn how to use a microwave and order taker-a-way rather than get the pans out and cook, which is rather sad.
Don’t get me started on education fees as it costs about 16.000 quid to send your kid to university in England, but it Scotland it is free.
Yan.
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dave
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Post by dave on Apr 13, 2016 15:53:53 GMT
In present day America there are various options to fund higher education as well as many variable schools to attend. Public schools have different fee structures in each state as listed in the site placed below. Young people have an opportunity to serve in the military and be eligible for the GI Bill for higher education or Vo/Tech training, work and attend school at the same time. There are scholarships, both academic and athletic, federal assistance programs, ROTC scholarships and carious state assistance programs. An aspiring scholar can attend a Community College their first 2 years and transfer to a public college that would meet their budget abilities. Often students discover it is less expensive to attend school in another state with lower tuition costs. If one will spend a little time searching for schools that provide the degree desired and within their budget constraints success can be attained. Regards Dave trends.collegeboard.org/college-pricing/figures-tables/tuition-fees-sector-state-over-time
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