The ROI for WWII vets might have been 7:1. Do you really think the ROI for today's generations are anywhere near that? WWII vets would be ashamed that they'd borrowed money that they couldn't pay back.kalm wrote: ↑Sat Apr 20, 2024 6:20 amWhat is the ROI? I’ve seen estimates as high as 7:1 for the original GI bill. An educated workforce increases productivity and innovation.UNI88 wrote: ↑Fri Apr 19, 2024 9:11 am
It's not a 1:1 ROI.
There are likely other programs with a higher ROI.
Does the law of diminishing returns apply?
Is part of the problem that people who took out these loans weren't smart consumers? Borrowing thousands of dollars to get a bachelors or higher degree in social work or similar or to attend a for-profit institution isn't a good idea. We need social workers but they should consider community colleges and in-state schools unless they get lots and lots of scholarship and grant money.
The loan providers need to be on the hook as well. Allow student debtors to find relief in bankruptcy and loan providers will be a lot more practical in who and for what they loan money.
Totally agree on smart consumers but that can be fixed.
Also agree on the lenders. They seem to be just a well healed version of takers and grifters.
Regardless the complaints of “I had to pay mine off” deserve some sympathy but also…life isn’t fair. We lose sight of the big picture with that attitude. It’s not fair to me doesn’t mean it isn’t a positive to the overall economy. That saved money still gets spent and we all benefit from that spending.
Yes, an educated workforce increases productivity and innovation but the focus of their education matters.
I don't think Sallie Mae and the like are takers and grifters. They're playing by the rules that the government has set. The rules should be changed so that lenders will be more discriminate in how much they lend based on degree. An engineering student could be expected to pay off more than a studying social work.
Smart consumers can be fixed by having consequences for your actions.
Government spending has consequences for debt and inflation.






















