There's a bipartisan new approach to curbing student loan debt, but it's pretty controversial

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  • Howard Beal Provo, UT
    Aug. 4, 2015 8:19 p.m.

    The textbook racquet needs to end. Any professor that requires students buy his/her's should be considered for termination. There is this thing called the Internet. Public universities should buy back books at reasonable prices. There needs to be more government oversight on pubic colleges and universities all the way down from administrator salaries, money spent on sports programs and most certainly textbooks. And we need to get in the 21st Century with these things.

  • JoeBlow Far East USA, SC
    Aug. 4, 2015 6:51 a.m.

    Humbug - "why no one seems to want to tackle why college costs so much in the first place?"

    Exactly. I have visited my old high school (and Im no youngster). Not much has changed. Mostly the same buildings and same campus.

    Colleges are constantly building. Most classes need a room (or auditorium) lights, heat and air, and a teacher. Everything else is luxury.

    There is no reason that college should cost anywhere near what it does.

    Shame on them.

  • a_voice_of_reason Woods Cross, UT
    Aug. 3, 2015 10:34 p.m.

    Sorry, but this is a dumb idea. It will only make college more expensive for everybody. Think about it - tell a college if your students don't pay back their loans you'll have to pay for it. They just got told that they will be paying thousands, perhaps hundreds of thousands of dollars of bills to the government with no additional revenue to offset it. So, they have to raise everyone's tuition to cover the expected cost of student defaults. It's simple math - like it or not. Then, the risk of default for each individual student gets higher because their debt burden is higher since tuition is higher and then the school needs to pay more so they raise tuition more so more students default more so that...

    I'm all for student loans making education more accessible. I still owe a bunch on my loans without which I would not have my degree and career. However, if the government is seeing too much default perhaps they need to review how they are determining loan terms, limits, qualifications, etc. If the government lends it the government needs to do things to prevent/avoid default.

  • humbug Syracuse/Davis, UT
    Aug. 3, 2015 5:43 p.m.

    I'm curious as to why no one seems to want to tackle why college costs so much in the first place? Why are Administrative salaries in the six-figures? Sometimes, they are over $1 million at some private universities. Why are sports programs part of the program. For most schools, this is a money-losing project. Why is there so much administrative overhead? (Too many persons working in this capacity.) Why is no one addressing the cost of textbooks? Frequently, a book is revised by changing a footnote, or page-number changes, and then the newest edition is required of the students. Many textbooks cost over $200 each.
    All of these issues need addressing if we are serious about wanting to lower college costs.