Comments by "Adam Donovan" (@adamdonovan4071) on "Trump's Education Plan Is World Changing u0026 Will Blow Up the US University System" video.

I agree in a way, but not entirely. The asset that is received through the debt accumulation cannot be taken back, so if there were no protections everyone would graduate and immediately declare bankruptcy…because why wouldn’t you? It would be seen as the smart thing to do. That said, the student should have some level of protection, especially considering the institution currently has no incentive to prepare students for a productive future…the institution should be on the hook for any debt outstanding ten years after graduation. But if a system could be developed to eliminate the debt trap all together, that would be even better.
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@jackiekjono I would suggest that it may be possible to look at it differently. I think this is more of a threat to the institutions than the faculty within them. This system will likely require content, which would mean that it will require content creators; it’s just that the university bureaucracy won’t be taking 90% of the value off the top for their grift fund.
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Well, the internet is borderless.
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@userequaltoNull the math on this from the lender would change dramatically if 50% of people had done it. In the long run it would be normalized, people tend to not be forward thinking, so they would do it; and companies tend to work from the potential customer base available….banks would prefer to not walk away from half of their potential customer base, especially consider a car or house could be repossessed if the loan goes bad. A loan for an object is very different than a loan for an intangible asset.
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@ I completely agree. The institution needs an incentive to impart useful profitable training to their students.
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@ makes sense me…with the caveat that the institution is the guarantor, not the tax payers…the institution failed to provide marketable skills, not the taxpayer.
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MundaneThingsBackwards which of my comments are you even referring to? As a general response…college funding systems have been broken for decades, ever since it was as seen as the next step after high school for most people…and no, I do not think the college would want that rolled back, no business wants to lose most of their customer base, but most people don’t actually need college. As long as there is a government guarantor the college will want to maximize customer quantity instead of customer outcomes.
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