Skip to comments.WATCH: Ron Paul Wants To Kill Costly Federal Student Loan Program (VIDEO)
Posted on 10/23/2011 7:06:25 PM PDT by alexmai
His point is actually correct, a large part of the reason many schools way over-charge for tuition is that they know student will be lent them money and the students will often spend 50-60K a year (or more) on tuition as opposed to finding the best deal for their money because the figure i can just borrow it not taking into account the crippling effects of being in your mid-twenties with 300K or so in debt. getting of the student loan program (for but the truly neediest cases,, and even then limiting it to no more than 15K a year) would force the schools that are over-charging to ennact more competitive pricing structure which would be both good for the taxpayers and the students.
(Excerpt) Read more at investmentwatchblog.com ...
Stuff like this makes me glad I never went to college.
Actually a big part of it is too many people going to college when they really shouldn’t have.
College should be for the best and brightest as well as those suited to it. I certainly wasn’t suited for it and I’m damn proud if being blue collar.
It might also influence business to take over the training of many occupations.
You’ve posted a total of ten threads since joining FR in July, yet you haven’t posted a single reply.
Just so you know, that’s considered extremely bad form around here, and makes you suspicious in the eyes of many forum regulars.
bubble, bubble, bubble — it’s the student loan education bubble, funded and hyperinflated by our great society government.
Just so you know, thats considered extremely bad form around here, and makes you suspicious in the eyes of many forum regulars.
See, here, old boy. It's like chilling old claret or beating someone else's wife. It's just not done in the best circles.
The great society of LBJ was the death knell of the black community.
The student loan bubble will be the death knell of height education for a loooonnnnng time.
Years from now, marrying someone with NO student loan debt, will be part of being a winner.
Yeah I took a gander at the born on date myself.
Ron Paul is right —there’s a huge bubble in education cuz the brainless consumers have access to oodles of capital with NO WAY at all to liquidate that debt when the music stops and as PhD Basket Weavers they cannot find work.
It’s the academic equivalent of Mexican berry pickers buying million dollar homes.
Profs bash private biz as opportunistic slave-drivers taking advantage of kids, while that is EXACTLY what they themselves are doing.
More —if the kids hesitate to go round the self-intro circle “Hi I’m Mike, and I’m GAY” then their grade suffers —again no recourse. If you don’t answer an essay with the proper ideology then you’re downgraded and if you let out a peep then YOU are the unreasonable one.
Why don’t we bail out bank robbers?
That’s exactly what a lot of this “student loan” mess is.
They’re robbing the bank now and are unhappy that they’ve got this debt following them. Boo, boo, who.
Try being a fly on the wall and listen to some of these “students” discussing their techniques for getting the tuition money and how many days they have to attend class before they can drop out and keep most of the $$$. They’ve figured out early on how to get money without working. We are raising an entitlement minded bunch of bums... we’re not stealing from our grandchildren — they’re stealing from themselves.
Ron Paul is right about most things, not all but most things. He’s right about the inflated and artifical cost of education.
I worked my way through college, babysitting, cleaning homes, mowing lawns, jobs on campus, etc. One loan, 200.00 when I went one semester part time, they wanted payment in full.
Looks like a Paulbot that doesn’t want to play.
I don't like Ron Paul's views on drugs and his views on Iran, but I can put those aside for his views on the FED and out-of-control Gov't and spending. Solving these are critical, and besides Bachmann, Ron Paul is the only one willing to step up with serious plans.
If we are bankrupt nation torn apart from within, then it won't matter at all what Iran is doing...
Wait until the other shoe drops and Paul reveals the REST of his plan.....to just GIVE everyone a college scholarship.
The more students can borrow, the more colleges can rake in the dough.
And all this excess cash flowing into colleges has fueled a kind of academic arms race: schools flush with cash vying with each other to contruct the most lavish facilities and hire the most prestigious professors.
What does paying a sports coach a million dollars a year have to do with a kid getting a good education???