This simply isn't true. Schools offer crazy financial aid and there are junior colleges / state universities that offer 100% of aid to impoverished individuals.
The people taking malinvestment (student loans for unproductive means / negative ROI) are firmly in the middle class bracket, both lower/upper sides of it.
financial aid is such a tiny portion that it effectively doesn't exist for the vast majority of university goers.
People taking on too much loans for higher education is a multi-pronged problem. Loans have a place, and if people choose to mis-use a loan to study an "unproductive" subject, i expect that the fault lies with them.
however, when the loans to study law/medicine is in the 200k range, i find it hard to believe that the fault isn't with the university and vested interests in making money with the loans.
And who decides what constitutes malinvestment? I'm guessing there will be plenty of funds made available for tech work, what with Twitter, Ubereats and Facebook being so critical. How about the arts? How about history and culture, you know the stuff that makes living worthwhile beyond your usefulness to line the pockets of capitalists?
Or how about we just confront the problem dead on, remove the money and profit aspect entirely, and offer free college like dozens of other nations do, and have for many years, somehow without their economies imploding? Why must we sacrifice yet more of our society on the altar of profits? Fuck good investments. Fuck investors. Fuck this entire screwed up system that decides that anything that cannot be monetized is worthless.
> How about the arts? How about history and culture, you know the stuff that makes living worthwhile beyond your usefulness to line the pockets of capitalists?
Do you ever think about the possibility of people making art or studying history without going into tens of thousands of dollars of debt?
Considering I just said make college free, yeah I think I've considered the possibility.
Even going past that, though, if studying History can't get you a job that makes enough to pay off your debt, then why does it cost so much in the first place?
The people taking malinvestment (student loans for unproductive means / negative ROI) are firmly in the middle class bracket, both lower/upper sides of it.