Corona Virus Relief Package. As usual, an embarrasment.

[TreeFrogTrader]

All you have said is that there is a scam going on. Can you show me any evidence of this other than you looking at college tuitions and jumping to a conclusion there must be some scam. Show me where you think the money is egregiously going, whose making out from the scam?

No. I explained that quite clearly.

Others understood it. And so did you but your politics do not allow you to say that.

Maybe one of your ebonics major grads can explain the financial and program implications to you.

giggle.

And while you are here. Let us acknowledge that the race to the bottom in education is well under way with Biden coming in. Your progressive buddies are already convincing him that reading, writing, math, science, and testing are colonial white guy stuff. Meanwhile the Koreans and Chinese are doing calculus as part of pre-school.

Oh, that's right, the First Lady will be a phd in education. And Exhibit A of the point I am making.

 

[gwb-trading]

Perhaps student loans should not be available to private schools if there is a scam.

The worse scam is the for-profit “colleges”. The worse part is they have the highest percentage of low-income students who they market loans to like mad.

 

[Good1]

Hodges gets unusually heated on this one.

 

[Good1]

 

[ph1l]

 

[UsualName]

No. I explained that quite clearly.

Others understood it. And so did you but your politics do not allow you to say that.

Maybe one of your ebonics major grads can explain the financial and program implications to you.

giggle.

And while you are here. Let us acknowledge that the race to the bottom in education is well under way with Biden coming in. Your progressive buddies are already convincing him that reading, writing, math, science, and testing are colonial white guy stuff. Meanwhile the Koreans and Chinese are doing calculus as part of pre-school.

Oh, that's right, the First Lady will be a phd in education. And Exhibit A of the point I am making.

You weaved a story. Some would say you unleashed a kraken. What you did not do is supply any evidence or examples, or even someone else’s evidence and examples.

 

[UsualName]

The worse scam is the for-profit “colleges”. The worse part is they have the highest percentage of low-income students who they market loans to like mad.

University of Phoenix recently had a $200 million settlement regarding their reckless loan promising. I can’t recall right now but that one school is responsible for like 25% of all defaulted loans.

 

[TreeFrogTrader]

You weaved a story. Some would say you unleashed a kraken. What you did not do is supply any evidence or examples, or even someone else’s evidence and examples.

Correct.

I did not present any evidence that students have high levels of debt that they are unable to repay and that bogus degrees have not led to the ability to support those loans, and that tuition has been rising, and that colleges have not had to suffer any consequences along with the students who got scammed by them.

Most accept those premises and stipulate to them as part of the discussion.

You may not have sufficient background knowledge to be participating in the discussion.

 

[UsualName]

Correct.

I did not present any evidence that students have high levels of debt that they are unable to repay and that bogus degrees have not led to the ability to support those loans, and that tuition has been rising, and that colleges have not had to suffer any consequences along with the students who got scammed by them.

Most accept those premises and stipulate to them as part of the discussion.

You may not have sufficient background knowledge to be participating in the discussion.

You said it was a scam. For example, you claimed much of this scam is related to college degrees that are not useful in the economy. I don’t know if what you’re saying about college degrees and loans is true. I’m actually very interested in if there is some real substance here or if you just made this up in your mind.

Education is a big issue and it takes serious thought to really understand what’s going on with these loans and degrees.

 

[TreeFrogTrader]

For example, you claimed much of this scam is related to college degrees that are not useful in the economy. I don’t know if what you’re saying about college degrees and loans is true.

Heh, there you go again. As Reagan would say.

I have not said that all college degrees are not useful. Your binary mind pulled that out of your arse. I also said, that the analysis of whether loans should be eligible to be applied to certain colleges should include a review of the default rate and income levels of graduates of that college and specific program. An analysis of those factors along with several other will sort that out.

Your binary mind tries to take multi-factor scenarios and turn them into either-or scenarios. It's what you do.

You seem to be questioning whether such bogus bullshit littie-or-no return on investment degrees and colleges even exist in any meaningful quantity. To which, I will say again, let the viewers decide. The fact that you come to the table uninformed does not create and obligation on my part to bring you up to speed.

The fact that massive bailouts and loan forgiveness schemes being discussed every day might give you a little clue that things are not well, even if I am not going to give you a remedial course.