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62% of Student Loan Borrowers Say They're Likely to Boycott Repayments
(www.commondreams.org)
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this post was submitted on 17 Aug 2023
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@wintermute_oregon
There are actually 24 countries that have free college education.
https://financesonline.com/free-college-education-statistics/
They don’t offer it to everyone. I’ve already addressed that. They control the numbers by standards. Something we don’t do in America.
A good example is Sweden. Their students come out owing almost as much as the average American.
https://www.bustedcubicle.com/advocacy/student-debt#:~:text=While%20Swedish%20universities%20don't,the%20American%20figure%20of%20%2437%2C400.
@wintermute_oregon
Then do what Canada does.
It's not that hard to find a better way than what America does now.
Canada is similar to us.
https://blog.gitnux.com/student-debt-in-canada-statistics/#:~:text=As%20of%202021%2C%20the%20average,Canadian%20students%20face%20upon%20graduation.
28k vs 37k with a us worker may more than the Canadian and paying less in taxes. So it’s a wash
@wintermute_oregon
The first link you posted says
"Canada’s policies regarding student loans are similar to those in the US but injected with a small dose of compassion and critical thinking. The federal government provides up to 60 percent of a student’s tuition through the Canadian Student Loan Program (CSLP), while private lenders pick up the rest of the bill. All student loan payments are suspended until a student graduates and earns at least 25,000 CAD annually."
https://www.bustedcubicle.com/advocacy/student-debt
That’s similar to ours. You don’t pay until you’re done. We don’t have a lower income range but 25k isn’t very much money. That’s below minimum wage in Canada.
@wintermute_oregon
Canada does not have a national minimum wage.
I know that because I live here.
edit to add -- ... and my income last year was less than $15k.
You have a minimum wage per province, correct?
https://www.nerdwallet.com/ca/personal-finance/canada-minmimum-wage-explained#:~:text=Here%E2%80%99s%20a%20look%20at%20current%20provincial%20and%20territorial,by%20April%202024%29.%208%20Nunavut%3A%20%2416.00.%20More%20items
College should be affordable and available. It used to be college kids word during the summer to pay their expenses during the college year. I don't think that is feasible nowadays.
I also think we need more trade schools. Not everyone needs a degree. We need plumbers, electricians, etc as well.
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