this post was submitted on 27 Feb 2024
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In my mind, if a company wants to set a generalized education requirement, above high school, that company should be required to pay off its employees student loans. Otherwise it's using the education system as a subsidized training program.
Note I said generalized. Engineers, doctors, etc who desire to ever be employed can't stop at a bachelor's anyways. Even still, their employees should have to pick up their training tab.
Business has gotten a free pass for 40 years and look at the society they've created with it. Maybe civilization needs more than a love of money to sustain it. Crazy huh.
This would make getting a job out of college SO MUCH HARDER. Companies would do everything the could to get existing employees in the workforce, for whom someone else has already paid off their loan.
Much like cell phone carriers locking you into a contract, companies would try to force you to work for them for X number of years because they paid your loans. I suppose this could work similar to vesting, so it wouldn’t be impossible. But companies would still try very hard not to hire anyone with student loans. It would just benefit the wealthy people who don’t need them.
I guess the real answer is government subsidized college.
Free college.
An investment in the future through rigorous and accessible education.
You know, when the concept of publicly funded education was proposed, it was considered revolutionary and not well supported by some, who didn't like the idea of the costs.
We currently have K-12 in US that's publicly funded education. This idea would essentially just make that K-16.
This video regarding education has always been one of my favorites: https://www.ted.com/talks/sir_ken_robinson_changing_education_paradigms
And/or lower the costs of education. A lot of college seems tribal or even wasteful for the cost currently
This is how it has to start in the US. Subsidizing free college in other countries is much easier because colleges there keep their costs under control, focusing on education and research over the "college experience", so the costs per student of running said colleges is much lower. There is SO much wasteful spending, brought about by the greed of many US colleges for the near unlimited flow of student loan money coming from lenders especially prominent in the 2000s and 2010s, that can be thrown out to cut those costs.
Not to mention that fewer people in free college countries actually attend a university, with education systems in those countries designed to steer many students towards places like trade/ag/other schools if they show aptitude in areas they really don't need a 4-year degree for or really just don't meet the academic standard to get into those universities. Millennials and Gen Z were all told in the US that we HAD to go to college to get anywhere in the world and we were all pushed in that direction whether it was a good direction for us or not. Now there's a big labor shortage here in the trades and other blue collar jobs because so few younger people have the proper skills, which aren't really taught in four-year institutions, or the desire to take on the training or effort to gain those skills. Fewer students spending four years in an expensive university and more in two-year schools or trade schools has the advantage of both lowering overall education costs and providing a workforce with more diverse skills, regardless of the time needed to train them.