Sure would be nice to know.
Just make student loans dischargeable in bankruptcy again. The whole game will change overnight.
Just make student loans dischargeable in bankruptcy again. The whole game will change overnight.
I worked my way through higher education (digging s^it pipes by hand) and then chose to become a Marine.
We are footing this bill for these idiots to get ‘equal’ education, when they should not even be in the pipeline = lower the standards.
Tax rates are going to go up. Why pay for people who should have not wasted our money to say they have a higher education.
I was lucky to get mine. I earned it and payed back for it.
If I had not had the opportunity, I would have continued to work my butt off digging pipes.
Do better: Make student loan debt dischargeable by bankruptcy, so that the money won’t be loaned out to people who want useless degrees, creating a class of people who think an “education” entitles them to a middle class living.
The Dems are trying to put everything on the Republicans.
The Democrats aren’t even interested in good government.
Hey, I got a wild and crazy idea - how about cutting the cost of college? Silly idea, I know. You start by slicing out all the graft - requiring professors to maybe work as much as 20 hours a week instead of the more customary 10.
OH! I know, and cut out all those useless chairs and departments - I mean, really, do you realize how many young men going to college are disappointed to find out that ‘women’s studies’ does not involve standing around and appreciating a hot body?
And Latino studies? What? NO COOKING CLASSES? What use is THAT department? Not even a good hot salsa dance course either. Just endless classes trying to figure out some manner to make Che Guevera into something other than a mass murdering opportunist.
That these courses are in some state liberal arts school - eh, I guess that might work out, but at an engineering college? You have to figure at least a quarter of all tuition is going straight down the drain of these useless courses. That’s one heck of a price tab for things no one really gives a rip about.
It’s about as useful as an ethics course at a law school. In one ear, out another orifice.
Mandating some reduced interest rate only artificially inflates the ‘buying power’ of loans - IE: the amount of money they can sucker loan takers into digging themselves into debt. But guess the one institution which has absolutely no interest in getting into the loan game? Shouldn’t be too hard - that’s right! The universities themselves. A lot of them have big fat endowments which could easily be used as security for student loans, and they could use their enlightened viewpoints to make those loans for almost nothing. Surely the students they educate would never stiff them on the loans, right?
Right?
right..
But, when I was in college, the cost for one year - tuition, room & board, books, etc. - was only $4,000.
The problem is not interest rates, its the runaway cost of "Big Education."
What a crock of sh**. The Democrats have cut the ability for students to even get loans. If you are an undergraduate, the amount of money you can get has decreased. If you are a graduate student you can’t even get subsidized loans at all thanks to 0bama. This is just political wrangling by the Dems, nothing more, nothing less.
It just emphasizes the point that a democrat is only in favor of a program that helps people only if it is designed to keep the person dependent on the government. If it is designed to give a person the ability to really make a positive change in their lives and no longer be dependent on the government, then they want nothing to do with it.
Didn’t Obama have the federal government take over all the student loans? Is that why the rates are so high since there is no competition.
Hopefully if the kids in college today will focus less on changes in interest rates to their college loans and more on their chances of finding a job when they graduate they’ll wake up and vote Obama out of office before it’s too late!
Couple years ago, my then 28 year old daughter was going to nursing school. She looked at the student loan route and it was pretty convoluted - folks started sending her different payment plans and expectations and she only enquired without actually taking a loan. She didn’t think she and her husband could foot it without a ,oan and asked me for help. I told her that instead of giving a lump sum up front, I would want to go over their budget and make sure they were sticking to one, then I would assist just enough to keep them above water. She graduated and never needed a penny. Most folks taking student loans are idiots and take the max they can get up front and act as if it will never come due. Then the taxpayers end up footing the cost. If they were forced to actually work at a budget and give things up to minimize money needed, we would be much better off. Plus, we wouldn’t have so many taking out loans for liberal arts crap.