Hacker News new | comments | show | ask | jobs | submit login

college debt forces people to go to hedge funds or other lucrative jobs that don't utilize the full potential of some of the brightest college students

Well if that's the only concern, then Thiel could do what rich people have been doing for years -- donating scholarships to give smart kids a free ride to college.

Wouldn't that actually be giving free rides to colleges? They are free to charge whatever they want because it's the scholorship that pays for it anyway. Like insurance...

The scholarship process is also broken. With many of the "merit-based" scholarships, there is a bias favoring those coming from low income families (otherwise why would they ask for parents' income information?)

But kids from low income families are more likely to suffer from student loans.

This is the middle-class trap. In reality, kids from middle-class families are squeezed, because they are ineligible for most financial aid / scholarships and dont have enough money to go to college on their own.

I was part of that trap. My parents wouldn't or couldn't help me and they made too much for me to get financial financial aid.

Out of curiosity: what are you doing now?

Designing/dev at a popular restaurant guide and mobile app. School loans paid off by my wife and I working full time and only living off of my income.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | DMCA | Apply to YC | Contact