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21 sats \ 12 replies \ @Satosora 26 Jul \ on: Student loans are the 'fudge factor' that allows institutional profiteering econ
This is a big problem, even with my generation.
We didnt realize how much debt we would be taking on.
Then the economy has been rocked so many times.
You'd be shocked if you knew the degree to which college administrators and faculty knowingly admit and retain students who have no shot at finishing, just to keep the financial aid revenue flowing.
It's really sick.
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Is it really that high?
I dont think financial aid should ne given to some subjects...some need to die out.
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It depends on the institution, but at open enrollment universities and community colleges it can be really alarming.
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I agree, but that's a different issue. At time of admission, schools have a very good idea of a student's odds of completing a degree. They wildly mislead low probability students about those odds and then encourage them to take on as much financial aid as possible.
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That’s pretty much the norm
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