Barry is an idiot. There is no such thing as a “great education” in this country anymore. A great diploma (tuition receipt) in Bitter Women Studies maybe but not a “great education”.
first bush 43 and obama bailed the unions at gm and chrysler,
now obama wants to bailout indebted college students.
And the student loans come from whom exactly???
If they forgive student loans, I want it retroactive to the 1970s at the very least.
That's the bottom line. We have to pay for their decisions.
One thing I'll remember about the Obama years will be feeling stupid for paying my bills on time.
Just another perpetual give away to colleges/universities and their interconnected interests, at our expense. Tuition costs will NEVER go down as long as money so freely flows from us tax payers into these institutions.
At this point, we would be just as well off to totally socialize ‘higher learning’. Funny how this is the only area of the economy the liberals at these places don’t advocate being taken over by the government(because they are living quite comfortably, or becoming rich off of it).
My kids all celebrated the day they made their last loan payment .. too bad barry wants to steal that sense of completion from others
If after 20 years you still haven't paid off your student loan, you should surrender your diploma. And your employer should be made aware of this and have the option to terminate you without cause.
And fair is fair - if I, as a taxpayer, have to pay for your college, where's MY diploma?
sort of a poetic justice in student loan forgiveness: the “education” isn’t worth the paper the diploma’s printed on.
It certainly is a social nightmare - a generation of over-credentialed self-worshipping layabouts.
Actually, today’s college experience is like an extention of high school.
It is a terrible waste of time and money to live in a dorm or peer filled residence, partying with peers and attending classes with no engagement in the working adult world (experience and networking) while the student choses to go into debt. It is social and personal growth stunting for a young adult.
It is especially bad for young adults who don’t have connections for jobs when they get out of college and have nothing to offer but general college degrees and the socialization of a dorm rat. It is wrong to go to college and live on debt. But you really don’t find that out until you get out of college because reality is delayed.
Absent a rich daddy to pay for one’s college and upkeep, middle class students adopted a rich bank to loan them money with interest. They live the same as the spoiled rich kid - until they get out of college and are saddled with the debt to pay back and don’t have a rich daddy to help with job networks.
All this allows colleges to keep raising the costs and be unserious in education because student money appears to have no limit. If they were earning their own money, colleges would be pressured to keep costs and course offerings reasonable. If this college loan bubble bursts, daddy banksters should hold the bag for abetting a dysfunctional situation. Like giving mortgage loans to poor people...
It is interesting how much college tuition inflation resembles medical cost inflation. And both probably track perfectly with the federal government moving into the picture and subsidizing things.
Really suddenly, colleges will stop admitting students who are not college material, and will stop offering useless majors.