Calamitous if true

[AJS59]

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https://www.congress.gov/bill/119th-congress/senate-bill/308

If this bill passes (I think unlikely, but it's possible) do we have any hope that med schools will consequently reduce tuition or increase aid? And for those of us who already are in med school, are they going to pull the rug out.

I'm also worried (again, unlikely) that if they do abolish the DOE my student loans will be sold to a private lender who may suddenly want the money back....

 

[GoSpursGo]

There’s a bunch of noise and grandstanding going on, but there is no chance of this becoming law.

 

[RangerBob]

Lots of laws get proposed and most never pass. Often they’re proposed just for political posturing/to score some political points.

But let’s pretend it passed. Would med schools lower their tuition if suddenly their students can’t take out the full cost of attendance? Unlikely. More likely is they either:

1. Only admit students who can pay the full cost

or

2. Start their own institutional loan program and loan money directly to the students. I’d actually like to see all colleges/universities take this approach as they’d actually have an incentive then to make sure graduates get and hold down jobs, offer additional education/training if their graduates get laid off, etc.

Right now there’s almost no accountability on the part of the university, and all the risk is taken by the government (ie., taxpayers). Yet the university gets to dictate how much its educational goods cost? This is a giant part of why the cost of attendance has gone up way faster than inflation.

 

[AJS59]

Lots of laws get proposed and most never pass. Often they’re proposed just for political posturing/to score some political points.

But let’s pretend it passed. Would med schools lower their tuition if suddenly their students can’t take out the full cost of attendance? Unlikely. More likely is they either:

1. Only admit students who can pay the full cost

or

2. Start their own institutional loan program and loan money directly to the students. I’d actually like to see all colleges/universities take this approach as they’d actually have an incentive then to make sure graduates get and hold down jobs, offer additional education/training if their graduates get laid off, etc.

Right now there’s almost no accountability on the part of the university, and all the risk is taken by the government (ie., taxpayers). Yet the university gets to dictate how much its educational goods cost? This is a giant part of why the cost of attendance has gone up way faster than inflation.

For my sake, hoping its #2. Making medicine a profession where you either have to have rich parents or deal with loan sharks sounds like terrible precedent.

 

[Goro]

https://www.congress.gov/bill/119th-congress/senate-bill/308

If this bill passes (I think unlikely, but it's possible) do we have any hope that med schools will consequently reduce tuition or increase aid? And for those of us who already are in med school, are they going to pull the rug out.

I'm also worried (again, unlikely) that if they do abolish the DOE my student loans will be sold to a private lender who may suddenly want the money back....

Bill is sponsored by America's stupidest senator. It will go nowhere.

 

[SurfingDoctor]

I heard, this is earmarked to be included in the Mandatory Bidet Bill, cause we ain't gonna have no toilet paper.

 

[Mr.Smile12]

I heard, this is earmarked to be included in the Mandatory Bidet Bill, cause we ain't gonna have no toilet paper.

In other words, it's total crap [or equivalent term].