Missouri College Drops Student Loans

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    Apr 02, 2013 5:19 PM GMT
    An interesting approach to the student loan crisis: "A small college in Missouri has come up with a surprisingly simple solution to the student loan crisis: it will no longer accept students who take out loans to pay for tuition. Instead, for the 90 percent of its students who require some form of financial aid, the college offers students a number of on-campus work opportunities."

    http://blogs.the-american-interest.com/wrm/2013/04/01/missouri-college-drops-student-loans/

    “This college has a very low percentage of students graduating with debt, but it has come up a little and we just don’t think that is a good idea,” Davis said. “This a work college, not a debt college.” The school years ago stopped taking students who wanted to get public loans.

    At College of the Ozarks, nicknamed Hard Work U, students work across campus in cafeteria, housing, maintenance, landscaping, agricultural and other jobs. The school has working hog and cattle farms, gardens, lodging and a restaurant.

    Davis said the school will create more work opportunities for students who have depended on loans. They can also get jobs off-campus in summer to save up money, he said. The school will waive its $25 weekly summer dorm fee for students who work in Branson, he said.
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    Apr 02, 2013 7:24 PM GMT
    More here:

    http://www.huffingtonpost.com/2013/03/19/college-of-the-ozarks-loans_n_2909394.html
  • GQjock

    Posts: 11649

    Apr 02, 2013 7:38 PM GMT
    ..... are there no Workhouses? Have the prisons ceased to exist?

    Sorry ..... the student loan crisis is the forefront of what is wrong with the Unites States' economic view since the Great Alzheimer Ronnie

    Instead .... instead of seeing our youth and their education as an INVESTMENT in our society
    where we will receive benefit in the long run when we have an educated society
    NO .... it has been placed squarely on the Middle and lower classes to fend for themselves in an up hill battle against an ever increasing debt that has benefited the wealthy primarily

    indicative of everything economy-wise in this country
  • conservativej...

    Posts: 2465

    Apr 02, 2013 7:39 PM GMT
    I'll be damned. One in a million. An institution that actually attempts to instill work ethic.

    Kodos to them.
  • GQjock

    Posts: 11649

    Apr 02, 2013 7:43 PM GMT
    conservativejock saidI'll be damned. One in a million. An institution that actually attempts to instill work ethic.

    Kodos to them.


    So in a large Collegiate institution where there are over 5000 to 10000 students attending who take out student loans .... where are the jobs and money for these thousands of jobs going to come from?

    The License plate business has been outsourced already boys icon_rolleyes.gif
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    Apr 02, 2013 8:20 PM GMT
    The irony.

    States slash education funding
    Universities then have to raise tuition to make up for cuts
    Students then can't afford tuition so loans are necessary
    Students with loans are viewed as lazy and don't have a work ethic
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    Apr 02, 2013 9:14 PM GMT
    msuNtx saidThe irony.

    States slash education funding
    Universities then have to raise tuition to make up for cuts
    Students then can't afford tuition so loans are necessary
    Students with loans are viewed as lazy and don't have a work ethic


    The cost of education has been rising significantly faster than inflation for the last half a century - something that predates this past round of budget "cuts" (which are generally limited in nature). So no, your narrative doesn't work.

    Students with loans aren't viewed as lazy at all. It's the loans that make it onerous for them after they graduate - this is a more sustainable solution. There will be more. Then again, with fewer subsidies for education, maybe students will choose majors or skills that have more jobs.
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    Apr 02, 2013 9:20 PM GMT
    riddler78 said
    msuNtx saidThe irony.

    States slash education funding
    Universities then have to raise tuition to make up for cuts
    Students then can't afford tuition so loans are necessary
    Students with loans are viewed as lazy and don't have a work ethic


    The cost of education has been rising significantly faster than inflation for the last half a century - something that predates this past round of budget "cuts" (which are generally limited in nature). So no, your narrative doesn't work.

    Students with loans aren't viewed as lazy at all. It's the loans that make it onerous for them after they graduate - this is a more sustainable solution. There will be more. Then again, with fewer subsidies for education, maybe students will choose majors or skills that have more jobs.


    Read conserve man's post. I was referencing him.