Hillary Clinton is to win this November, she needs to motivate the electorate to come out to vote for something more than a justified aversion to Donald Trump.
Particularly for younger voters and voters with families, she has to capture their imaginations with a bold, simple, and common sense proposal to address one of the most critical financial and social problems currently facing a generation: the student loan crisis. And she needs to do so in a way that can do the most immediate good for the nation at large.
First, all outstanding student loan debt should be forgiven. Second, a new loan program should be created that is tied to incentives for college graduates to choose careers in public service and which indexes repayment to income
How about via tbe ideology of obamacare, force all universities and colleges to forgive all student loans. Force the uiversities and colleges to pay the loans off.
Thats how liberals do things, make those that are “rich” pay for the poor.
“Next president should forgive all I.T. Service bills”
Oh wait.. that’s me !
Yeah, America’s schools employ hundreds of thousands of people. Medical schools have doctors taking out of their time to teach the next generation of doctors.
People work in the offices, they sweep up and they build new buildings.
All of that.. POOF gone.
I am more in favor of raising interests on these loans due to high default rates and discourage people getting loans.
Extra premiums should be layered for those going to work for the government in any form or obtain majors with no career path like wimin studies, homo studies, art history, etc to discourage people even thinking about selecting those majors. Discounts for Science, Engineering, Mathematics. Neutral on Business and the like.
They make it so everyone is supposed to go to college - they own the colleges and indoctrinate our children - they reward the faculty with big salaries that resulted in students taking more loan money that they offered and now my children will pay for it.
This would be swell - my kids can spend their adult life paying for art history degrees for some schmuck working at starbucks.
What about my children’s future? They will have to pay for all this crap, but this is where our nation finds itself.
“A democracy is always temporary in nature;
it simply cannot exist as a permanent form of government.
A democracy will continue to exist up until the time that voters discover
that they can vote themselves generous gifts from the public treasury.
From that moment on, the majority always votes for the candidates
who promise the most benefits from the public treasury,
with the result that every democracy will finally collapse
due to loose fiscal policy, which is always followed by a dictatorship”
- Alexander Tytler 1787
I am not willing to pay for your college education!! No one paid for mine!! I drove a truck and went to night school through my doctorate. You have no right to my money for your education in college. No WAY!!
Classic give a fish rather than teach to fish.
So the greedy pigs at our Leftist indoctrination centers will be able to keep charging a crazy amount for a lousy education that leaves graduates unemployable? What a stupid idea.
That promise to forgive all student loans, coupled with a promise to forgive all future such loans will get her legitimately elected.
Screw that. Debt Jubilee, wipe the slate clean.
All of the cronies on Wall Street will die of a collective stroke, and then people can rise or fall on their own.
No selective bailouts anymore as vote buying.
So Leon Botstein, the author of this unintentionally hysterical article, is proposing that everyone, including the 2/3 of the population that has not attended college, increase the subsidy of the other 1/3 who have. No surprise that Botstein is the president of Bard College, a bastian of far-leftism.
Do I get a credit for the student loan I paid off?
a few facts about this trillion dollar mess. the average student loan is 26,600 and the interest rate is less than 7% on average. Another large portion of this mess is held by graduate students (lawyers and doctors). AS soon as hillary buys their votes with forgiveness, the tuition rates will increase only because the universities know that the govt will pay them off in the future. Student will no ZERO skin in the game, sounds like a winner.
That sounds like a great incentive for the drunks who major in nonsense or don’t bother studying to spend even more time loafing through college. No, thank you. Those are my tax dollars that Time is giving away, and I value that money even if liberals do not.
If you don’t want a crippling debt, don’t major in something that doesn’t lead to a job. If you want an income that allows you to support yourself,and pay your dents, work hard in that useful major. I have no sympathy for those college graduates whose McDonald’s paycheck is not enough to pay back the seven years of tuition and expenses that they borrowed so they could find themselves in a Gender Studies program.
I worked VERY hard in college. I knew exactly what job I would start with and more or less how I would move on from there. It’s wasn’t luck. I didn’t win life’s lottery. I did build that. Those who are too delicate and inept to produce need to grow up, but this proposal would protect them once more from the natural consequences of their choice to be foolish.
Instead of “forgiving” them and sticking the taxpayers with the bill for yet another boondoggle, why not work with Congress to make student loan debt dischargeable in bankruptcy and place the burden on leftist degree mills that choose to offer worthless courses of study? All the nonsense “-studies” puff programs would disappear quickly.
Truthfully, when Trump becomes POTUS, he needs to establish strict ground rules about what student loans can be used for.
For high value degrees, such as nursing, education, STEM, etc., loans can be up to 80% the cost of the degree. For less valuable degrees, loans should only cover from 40% to 60% of the cost of the degree.
For CRAP majors, like ethnic and gender study, exercise science, creative writing, radio & television & film production & journalism, etc., etc., etc. NOTHING, ZILCH, NADA. If students want these degrees, they can pay for them themselves.
Not only should government loans be forbidden them, but states should be encouraged to forbid commercial loans for them as well.
The next President should have Time magazine and anybody else who thinks the student loans should be “forgiven” have all their assets seized and liquified and spent toward reducing the student loan...until people shut the hell up about telling everybody else what we should be forced to collectively fund. It was all the misguided efforts to make college more affordable that made college so insanely expensive in the first place. I am sick of Leftwing blow hards forcing us to pay for a mess they create and then forcing us to pay for them to clean it up. They should be stupid with their own money, not everyone else’s!
Then give me back the THOUSANDS I repaid, years early with interest!!!
I’m mixed morally on this. The whole loan program was done in a very cynical way, encouraging the worst of academia rather than the best of it. In a way, the students of America got sold a bill of goods with the nod and wink of official governmental America. Making this right somehow might not be the worst thing in the world.
But again it would need to be accompanied by a confession — and ya KNOW that Hillary is never going to confess this.
If people think this through, a (Trump induced) roaring economy generating hundreds of thousands of good paying jobs - and sound money, is far preferable to an endless depression (Hillary induced)with no student loan debt.
And there’s more dignity to the person who digs themselves out of debt on their own than the slacker who gets it forgiven.