>"Universal free college"
This would greatly increase the amount of critically thinking population. I do not think it lines up well with what the government and elites want.
This would greatly increase the amount of critically thinking population. I do not think it lines up well with what the government and elites want.
I'm of the (apparently dated) notion that we are the government.
And I don't mean with a (token) vote. I mean actually designing and implementing national policy, designing and setting up monitoring of outcomes, and reporting back to everyone else on how the policy idea performed.
https://scholar.princeton.edu/sites/default/files/mgilens/fi...
I wish I were as optimistic as you.
...which is why the government subsidizes college tuition with grants and guaranteed loans? Or that banks give out the same loans as well?
Those taxpayer guaranteed loans are just taking money from future taxpayers and giving it to the higher education business by letting them increase tuition without limit since there is no underwriting process.
And of course the students get saddled with lifelong debt with no exit since they are not dischargeable in regular bankruptcy, and future taxpayers get soaked with paying for the defaulted loans.
Private banks used to give out those loans because they were still guaranteed by the government, and I think Obama changed that, but they still have special status that make them harder to discharge in bankruptcy.
Tl:dr taxpayer funded loans for higher education are a net negative for society
Ignoring how expensive and difficult that is if you're already saddled with 6 figures of debt for the purpose of discussion. I'm not American and haven't found a clear answer though my Googlefoo.
This can have various consequences depending on the new home country and its agreements with the US - from credit issues and possible legal action, to absolutely no consequences at all.
Obviously if the person moves back to the US, they'll likely be chased by debt collectors and possibly the IRS.