Ha those states aren’t totally socialist. I see you guys on here denouncing any religion (especially Christianity), railing against any news organization that doesn’t fit your worldview (aka FoxNews), calling for the end of the Republican Party really only one party, and the end of “evil corporations” where…

Also eerily real, as in real life, is where liberals want the US to be like socialist states like China and Cuba, where religion is outlawed and only one party exists. Sound familiar?

Because it’s not a government failure, it’s partisan failure.

The government had nothing to do with it. Why do you insist on blaming the government?

And, to add: The Accrediting Council for Indipendent Colleges and Schools had it’s recognition yanked by the Department of Education in 2016 because it is shit and it accredited entities like ITT.

#3 is complete BS, not one of them has any proof in hand that they were not hired for that reason. Every single instance I see is people expecting to be handed something and then being pissed off they were not just handed a high paying career. Most companies do not even do a full educational background check, they…

Perhaps, but of the $72,000 only $7,000 was private loans. Nonpayment penalties could have been part of the story, but it wasn’t, not here.

Most of this is whining because someone was not handed a job. When you get a degree you are not handed a job, you have to fight tooth and nail for one.

Bro, you may want to do more research on this.

Not all for-profits are bad. There are some really good ones. Most are shitty, and wouldn’t survive if the government weren’t giving them money with near zero due diligence.

You want a truly fucking horror story? Go read about Full Sail University in Winterpark, FL. Biggest mistake of my life and I’ll be paying for it until the day I die.

I have to agree with you. I worked in for profit education but luckily they changed their ways years ago. I got my bachelor’s at a non-profit. As someone who has seen both sides non-profit is just as interested in making money. My school’s tuition has more than tripled in the 8 years since I left. It’s a real chicken…

It’s really a shame that such poor quality schools are capable of running for decades at teh detriment of misinformed students. However, what also bothers me, from this article and many other stories you see these days, is the way everyone sees student loan debt as a death sentence. From the article:

ABSOLUTELY! No one talks about the big ‘Ivy Leagues’, because at $90k for a baccalaureate, Harvard is, after all, Harvard. The advantage offered by them is not necessarily the education (I’ve seen some pretty-idiotic ‘Ivy League’ers’ that somehow graduated with honors), but in the recognition of their Alma Mater and…

Blaming Capitalism, for starters, when it very clearly states that the school was only profitable because of the government.

Except in a libertarian environment this would have never happened because ITT Tech wouldn’t have been able to have their students pay for their tuition with government loans. If college loans were completely privatized no reasonable bank would give a loan for a worthless institution like this because they would be…

Actually under libertarianism this situation would never arise - the state would never pay for education.

I went to a state college too. Most of my 400 level classes were taught by grad students, many of whom could barely speak English(nothing wrong with that in general, not great when you’re teaching a class full of American students). I had business classes where the instructors literally said that Enron and Tyco were…

What happened here was fraud. Libertarianism has nothing to do with it. If you produce a substandard product and charge an exorbitant rate for it, and you spend your efforts trying to obscure both those facts, it is just as frowned upon by Libertarians as it is by anyone else.

On the Valladares situation, he borrowed $72,000 between 2008 and 2012 and owed $200,000 by 2016 , because of compound interest. Want to cite a Federal or Private student loan program with interest rates that high? We aren’t talking payday loans here are we?