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For starters, state universities should not divert income from tuition payments into their general fund. Such monies should go into the operating expenses of the universities. As greed for that tuition money goes up, the students are saddled with increasing debt that outweighs any income advantage that their degree gives them.
Good to know that the not for profit schools are not loading up students with debt and find all of them jobs when they graduate.
Sorry, I left reality there for a minute. Back now.
They're making money, too.
That pretty much describes every social science college in the United States. Does anyone think they will question the $160,000 in tuition/room/board that public universities get in exchange for handing out degrees in feminist studies and other nonsense?
Most of the leftists I know hate Kaplan University and University of Phoenix and any other place that is not a haven for leftist thought. Sounds like Hussein is paying back his base.
If the estimated annual loan payment is not to exceed 20 percent of students' 'discretionary' earnings, does this mean that there will be stricter qualification for loan amounts? What is discretionary? What if a student decides to marry and become a homemaker and has no personal income? What about students who become professional students? Will universities become collection agencies for the federal government? How does this replace personal responsibility for not researching a career path and/or taking a loan in the first place? And lastly, how much did Obama pay for his education and can he get a refund?
It wouldn't be a problem if the gov would get out of the student loan business. Then, if these colleges gave the students a payment plan they'd be more accountable for turning out employable students.....if they wanted their money back.
Instead, Obama wants the feds to choose the winners and losers in the college game. And what about state colleges and universities who take a percentage of students (and their loan money) knowing full well they aren't qualified for college?
The problem is that too many students go to college. The enabler is the federal gov.
Better to have the colleges in deep debt so government can bail them out whereby they tell what those colleges can or cannot teach. And how to.
“It’s decision time for the Obama administration on a major rule designed to crack down on colleges that saddle students with a mountain of debt without preparing them for the job market.”
So the adults that sign up for these loans voluntarily, and take these classes voluntarily is totally lost on these idiots?
Anything Obama proposes is wrong. However I did note this statement “Second, the default rate on loans taken out by former students must not exceed 30 percent.”
30%?? Why would anyone loan money at such a high rate and why would anyone accept such a ridiculous loan? Not sure why the feds have to police it but anyone dishing out 30% loans needs to have their ass kicked
Scouts Out! Cavalry Ho!
Ah, busy promoting the public SEIU sector, I see. There can be some fine public universities...well, at least, there once were, until “open admissions” and affirmative action destroyed them...and many of the high-end private universities are a waste of time because they’re so PC.
But that’s if you really want an education. If you don’t, you get a lot more bang for your buck by going to a private institution, because the whole thing with college really isn’t where you go or how you do, but who you meet.
If you really want an education, however, I’m not sure where you’d go now.
The big “not for profit” colleges and state colleges & universities provide as many graduates who do not get a job needing their college degree as do the for-profit schools. Obama is not going after the big “not for profit” schools or the states’ university and college systems because that branch of academia considers itself Obama’s friend, and he theirs.
Yet another example of Government attempting to fix something Government royally effed up.
Not long ago, tuitions were affordable and great colleges were modest affairs. Then the government loans to students and grants to schools and professors started. It’s been all downhill since.