Posted on 03/16/2020 7:09:58 AM PDT by Kaslin
Debt as money is a failure, but it’s a failure that takes a long time to play out, slowly at first, then accelerating as the “winners” become fewer and the “losers” multiply.
The solution, as for everything else, is Biblical. If you don’t know what that means, you need some more time with the Good Book.
The Responsible Solution to the Student Debt Crisis ?
Simple.
Refuse to loan any money to students unless they attand a Constitutionally vetted , genuine post secondary institution of education THAT DOES NOT INDOCTRINATE STUDENTS INTO SOCIALISM AND COMMUNISM, and who deny freedom of speech, freedom of religion,freedom to carry arms and freedom of assembly.
Put Hillsdale College in charge of vetting the acceptable list and recommending specific changes to those colleges and universties that do not make the list.
That will solve the student loan problem.
Yeah I’ll pass but thanks for being too lazy to tell us :)
by the way that statement sounds incredibly like pride and if you read the Bible so much you’ll know it’s a sin
I call shenanigans.
The likely truth behind why people arent starting families is that they value other things more (like having the latest iPhone), have been indoctrinated into a Left wing PC garbage, are looking down at their phones rather than towards their futures, have turned their backs on the knowledge of the Lord (a big one, leading to Romans 1:18-32) and things like that there.
Acquiring large debts to get educated is part and parcel of never having been educated to understand the value of delayed gratification and thrift to begin with. How many of these people lived on the cheap in college even then?
The sensible response is to get the federal government out of student loans and university funding, end student loans and require repayment.
These days you you probably should run a credit check on your love interest before taking things to the next step.
https://www.marketwatch.com/story/nearly-40-of-americans-want-to-know-your-credit-score-before-dating-2016-05-03
um.. maybe stop taking out loans that you cant afford to pay off?
naaa that’s crazy talk!
everyone HAS TO go to an ivy league school!!!
ROFL
freaking go to your local technical college for a few hundred bucks! STOP paying for granite countertops in the dormrooms for a degree in womens studies that you CANT afford!
I call it the “Big Education” cycle.
1) make unlimited loans available to students
2) schools raise prices to suck up available funding
3) schools raise salaries of staff
4) staff contribute to Democrats
and repeat
I’m not sure I agree. There are other factors in our culture which discourage people from getting married nowadays. There are quite a few people here on Free Republic who discourage young men from marriage, and this subject comes us without being tied in with student loans.
Im afraid with present events, any sensible solution is long past.
One paying twice what they are worth perhaps, but they can find work if they choose, they don't, easy living in the basement.
Make the people who induced these former students to assume such a looming debt, agree to co-sign for these loans when they are made, or renewed. Universities and colleges everywhere have endowment funds, some of them HUGE. The amount needed for payment of the fees, tuition and related costs of schooling need not be loaned out by the college or university directly, but put up as collateral for the loan when it is first initiated. Then, the institutions of higher learning have a VERY vested interest in assuring that applicants will be prepared for those “high-paying” jobs, and will be readily hired upon graduation. Diploma mills, churning out essentially useless degrees, would quickly revise their curriculum to reflect much more of what the job market demands, or learn to rely on those who want vanity degrees to find means other than student loans to pay for those vanities.
For men, I'd say its as much prospective debt as pre-existing debt. Men get such a bad deal in divorce that many are gun-shy.
aw hell!
many people began working with tons of student debt
and they, we turned out just FINE
and we were, are SUPER THANKFUL the banks trusted us with the money
beginning work with student debt is not a tragedy, its a wonderful blessing to have been able to reach that great point in life ... and I feel zero concern about the graduates who wisely borrowed to study employable skills like nursing, medicine, engineering, many science fields, and so forth. They will have no trouble repaying. I also have zero compassion really for the Ancient Tanzanian Queer Gender Bending Studies majors who borrowed and borrowed for useless degrees that only cause employers to laugh. How foolish can people be, anyway? Actually, I do feel for them but they should not expect the working folks to pay for their folly, it would be so incredibly unfair
My daughter and her husband paid off $60,000 in student loans in 3 years. They did it by using their education to get good jobs and then really tightened the belt to get it paid off. Ate lots of beans and rice, no cable TV, etc.
They will really be pissed if the Gov. forgives loans.
How about having the colleges eat the student debt of all students who aren't gainfully employed within six months of graduation? Take the money out of faculty and administrators' salaries and pensions.
I could fix the student loan problem in two easy moves. take the government out of the loan business and allow students to settle debt through bankruptcy.
Virtually every problem mentioned is the result of bad decision making, especially in selecting a major or going to college at all. The largest single educational facility in the US is the US military.
There are lots of jobs in the military that extend to the private sector. Forgiving debt simply reinforces what these Participation Trophy kids think: “Somebody owes me”. Bullcrap. We don’t owe you a thing, but you owes us $XX dollars, so quit waiting for some liberal to bail you out, own up to a bad decision, and start paying it back. If you can’t find a job, leave your parents home and join the military and train for something that’s in demand in the private sector.
It’s not a complete solution but I think this would help.
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