my proposal for student loan reform

if you make all college free, tuition will sky rocket and make it unaffordable for taxpayers. people also should bear some responsibility for their actions especially since not everyone goes to college. 

total tuition should be capped over the life of the college, the average income ten years out for that degree.  nurses might make 60 k in ten years, so that's what the tuition should be capped at for the life of the college.  if philosphy majors only make 30 k ten years out, that's what it should be capped to go to college. this makes the cost prooportional to the marketability of the major. if it doesn't need to take four years, colleges will have an incentive to lessen the time instead of dragging it out. 

as far as finanical help. the disabled should have debt discharged.

everyone else, all payments should be income based and not part of a person's credit report that would stop them from getting other loans or mortgages. people should pay ten percent of their income per year after school. after ten years, hopefully they will be paid off. if not, half of the rest of the balance is discharged, and they continue paying ten percent a year for another ten years. then the half balance is again dischraged and the process repeats until it's paid off or they die.  this ensures people take responsbility for their actions while not being completely unaided. 

all grants should be abolished in favor of loans

Just abolish all colleges and make all learning centers on the job training centers. For people that don't want education to get a job, the library and internet is free.

Problem solved.

If you don't support fully socialised grants, the way that Britain and more 'in between' social democracies do it is that you only need to pay back the loan if you earn a certain amount per year and only pay out of a percentage above what you earn past that wage/salary.

It also has a cap on age but the catch in generosity is that you only get up to 4 years paid (one year leniency to change your mind on a degree) at the bachelor degree level and then need to have got decent enough grades there to qualify for the master's loan.

Some degrees are longer (towards 4-5 years) for the bachelor part alone, such as medicine. Such degrees get the full package paid for but again it's iffy if you get the last year paid for if you already had a year paid for on another degree.

What if two people get philosophy degrees, one flips burgers for $12,000 a year, and one makes $2 million a year as a life coach? how do you determine how much tuition that a should be paid up for before they graduate?

i'm open to the idea of people who are really poor not paying anything if an until their income rises. 

Well I'm asking how do you calculate how much tuition they should qualify for if you don't know how drastically different their incomes will be?

"make all learning centers on the job training centers."

that actually isn't such a bad idea. 

i'm talking about looking at the average salary of graduates, ten years after they graduate. of course that would make the process of determining that info very political. 

Higher education today = A fool and the money they don't have and cant afford to lose, but then whine because they lost it and expect me to pay it back. But they are the fucking educated geniuses and I have the GED with no debt and a high middle class income.

it may be also worth makin colleges take on more risk... if they want to be paid back in full, they should help get their students decent paying jobs, bottom line

These days a degree is just an unnecessary but necessary notch on a stick.