They haven’t even scratched the surface of student loan sob stories.
Remember we’re in at least our 7th year of non-stop home mortgage sob stories.
Not to mention health insurance sob stories.
If we could tax sob stories $1 each we’d have bazillions of dollars!
I’m all for going after “Big Education”
Let’s use the lefts tactics against them. Hit them in their enclaves. Down with Big Ed!!! They are making obscene profits!!!!
You borrow money, you pay it back. Anything else is stealing and should be punished as such.
From what I’ve observed, purely anecdotal, Millennials want to stay young and carefree longer than did their parents and grandparents. They don’t WANT to own their own homes. They prefer to rent and be unencumbered by mortgages, and to be free to move at will, whether across the country or around the globe. And, those I’ve known have made a priority of paying off college loans in their first few years after graduation, and to be debt-free by 30.
I’m sick of dimwits claiming that you need a college education to succeed, and consequently having taxpayers foot the entire bill for every ivory tower quack’s $100,000+ salary. If you have a decent IQ, you should be able to find a way to make lots of money with nothing more than a high school diploma.
You’re certainly not going to find a way to make a liberal arts degree useful, and even in the hard sciences (the one area where a degree is arguably worthwhile) you’ll be forced to make the evidence conform to the Big Government agenda. There are plenty of resources available to teach yourself a trade and how to open your own business available without paying some ivory tower stooge your life savings.
1. Bloated Administration costs.
2. Coddling of Professors so as to obtain grant money.
3. Retaining of and not spending the Billions of dollars in endowments.
4. Education means education, not indoctrination.
5. Eliminate all BS courses (ie. anything that ends with "studies")
Sob stories about student debt are what the Democrat Party is counting on to pull their chestnuts out of the fire.
Mark my word, if things start looking bad for them in ‘16 they’re gonna float a student forgiveness scheme. And the young skulls o’ mush will flock to the polls to vote for it.
I do think it’s wrong for people to start their lives in debt, especially considering college educations are mostly worth less than we pay, careerwise and knowledge-wise. But I live in a world where I have to explain to people why buying a house on credit is not an “investment.” That battle is lost.
“The Rules”
- Don’t go to University just to have “the experience”
- If you go, get a degree that has actual VALUE when you graduate. Spending 4 years painting is garbage
- Don’t just take loans for everything.
- Get a summer job and pay as much as possible out-of-pocket.
- Try to have some work during school months.
- Try to get good grades and apply for grants/scholarships.
- If parents can contribute some that’s great but shouldn’t be perceived as an obligation.
- Try to finish in 4 years, you’ll just get more in debt if you take longer.
- Don’t switch majors unless you’re really unhappy.
- Don’t go to a “top school”, that is way more expensive, when a “lesser” school will give you the same ability to get the same job. We all know that it’s what you do AFTER you graduate that counts, not what school you went to.
- There are MANY other ways to earn a living that don’t require a degree. Follow the right path.
You’ll still have debt but it’s manageable. It isn’t easy but that’s what is REALLY best for you during these years. Remember, 50% of freshmen never graduate, it isn’t in the best interests of everyone.
For people whose majors are socially relevant and based in a high-need field (such as nursing), the likelihood of finding work is greater and thus the "burden" of repaying the loans is not so great. But when one majors in fine arts, women's studies, French literature, or any other socially-irrelevant area, the likelihood of finding work is very poor indeed.
I would wager that the Liberal Arts crowd is doing the most whining about this. My answer to them is that they should have thought harder about their majors.
When the hyperinflation comes, the college bubble will burst, and half the colleges will close their doors. And we’ll be better off.
If you marry and both get a job and you live on one salary and save $20,000 a year or more you will have $100,000 in 5 years. You can pay off the debt and still have money for the down payment on a house.
There are 2080/hrs in a work year 40/hrs x 52 weeks.
If your single then good luck at the coffee shop after you graduate with the liberal arts degree.
I’m also amused by characters like Liz Warren that pitch interest rate breaks as a solution. The interest rate on these loans is almost never the problem. The people with a problem paying these loans back would have a problem if the interest rate was 7%, 3.5%, 1%, 0% ,or even - 1%.
I’m also amused by characters like Liz Warren that pitch interest rate breaks as a solution. The interest rate on these loans is almost never the problem. The people with a problem paying these loans back would have a problem if the interest rate was 7%, 3.5%, 1%, 0% ,or even - 1%.
I attended a state university in the late 60’s and worked three jobs to pay for my own tuition and graduated debt free. I took classes year-round and graduated in three years, which help keep my overall tuition costs down. But I didn’t know other students who borrowed massive amounts to get their degrees. It was unheard of.
Student loans became a problem when the federal government started guaranteeing them. That made it easier to get the loans, and in turn, allowed the universities to keep raising their tuitions, since the students had borrowed government-guaranteed loans to pay for it instead of paying out of their own pockets. For the last 4 decades, college tuitions have increased tremendously, but the quality of education has gone down, shifting to more indoctrination of liberal ideologies into mushy minds than real-world skills to earn a living with. I mean what is someone going to do to make a living with a degree in LGBT and Womens’ Studies that costs $100,000 in tuition, besides trying to become a lefty professor to teach that same useless information to even more students down the line?
Now, Obama is talking about forgiving student loan debts, which will make the problem even worse. And that will teach those kids more financial responsibility won’t it? [sarcasm]. As always, getting the government involved in any private sector endeavor only makes things worse and lessens competition to brings cost down. It always ends up as a big cluster-f*ck that the government needs to step in and “fix” the problem they created. This is the game plan of big government liberals and their vision on how to stay in power and control of the masses.
Good article about rising tuitions and student debt. The link has an interactive map GIF file.