i know how to solve the “student debt crisis” for the future. Tell your (young) friends.
i just got through shelling out $240K for my kid to attend a 4 year residential college. No, no, no brag: it’s just what we, the “deserving wealthy”, do for our kids, so that some other bozo’s kid can attend free.
(Education is already completely socialized, except we’re still at the point where there is a class of people who can afford to carry the rest, kinda the Golden Age of the socialist trajectory.)
But check out “Coursera”, in which her university participates, which makes all the same courses she took available online, complete with quizzes, exams, papers—Free!
‘Cep’n that, even if you complete all the same coursework online, you can’t get the diploma.
So we paid $240K for a 4 year, winter-only, sleepover camp, plus extra for food.
What I’m proposing is a “path to the diploma” , aanalogous to the “path to citizenship”for students who do the work online.
Say they pay a one-time fee of $10K or even $20 K for the piece of paper after they’ve completed all the credits. They’d easily be able to accumulate that much working part time while studying, since you can work online on your own schedule.
like with “dreamers”, this would be a way for “wonderful, hardworking American kids” to get their “passport” ,the social marker of the diploma, without mortgaging their futures.